Audiovox exits the LCD TV business that no one knew it was in
Audiovox actually was a very minor player in the LCD flat-panel industry, but no more. In an effort to counter "what is shaping up to be the worst economy in decades," CEO Patrick Lavelle decided to pull the plug on the LCD business and show 8% of his employees the way out for the final time. It's all good for the company though, because every worked-to-the-bone parent in America will be snapping up one of its Homebase Digital Message Centers.
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