Saturday, December 29th 2007
Fujitsu Exits Display Market
Fujitsu General, maker of flat-panel TVs and monitors, will "discontinue participation in the visual display business at the end of March 2008." Falling prices and diminished profitability in the flat-panel category were reasons cited by the company, which issued a brief press release on December 27, 2007. The statement was released following a board meeting in which the company's board of directors decided to cease activity in the visual display market. "During the past several years, the pricing and profitability of this segment has compressed beyond the point which our company could realize a satisfactory return on investment. We expect that this market situation will continue in the future."
Sources:
CE Pro, Fujitsu
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