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Philips looking to exit plasma biz in 2009

Steven Kim

Recent activity is making 2009 look like the year when manufacturers will be leaving the plasma party en masse, for sure. Even if the number of brands on the shelves isn't greatly diminished, the number of independent manufacturers will be. Since Philips has continued to reduce its stake in the LCD production venture with LG and handed over North American production to Funai, it'd be no great surprise to see it exit the plasma biz. Just like every party, sometimes the really crazy stuff happens in the wee hours, after the initial exodus; we'll see next year if plasma goes out strong or sad.

[Via TGDaily]

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