LAS VEGAS (Reuters) – Japanese schoolchildren often hold hanseikai, or “reflection talks,” to discuss what they did wrong during a play or a sports meet.
There was a lot of that kind of introspection going on among Japanese tech executives at the Consumer Electronics Show last week, where the dominance of Sony Corp <6758.T> and Panasonic Corp <6752.T> seems to be a thing of the past, usurped by South Korea’s Samsung Electronics Co Ltd <005930.KS> and LG Electronics Inc <066570.KS>.
LAS VEGAS (Reuters) – Panasonic Corp looks to sell 1 million units or more of its 3D TVs in the first year of their launch, its U.S. chief said, hoping the emerging technology will catch on with consumers in 2010.
Panasonic, which plans to start shipping 3D TVs in March, has learned from its on-again, off-again approach to developing a market for high-definition TVs in the late 1980s, and will be “very reasonable” about prices this time, Yoshi Yamada, CEO of the firm’s North America unit, said on Friday.
LAS VEGAS, Jan 7 (Reuters) – South Korea’s LG Electronics Inc <066570.KS>, the world’s No. 2 TV brand, is looking for a double-digit percentage rise in TV revenues this year, the head of its home entertainment company said on Thursday.
LG aims to keep its market share lead over rival Sony Corp <6758.T> as it seeks to dampen price declines with upgraded specs and 3D TVs, Simon Kang told Reuters in an interview on the sidelines of the Consumer Electronics Show in Las Vegas.
LAS VEGAS (Reuters) – Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit U.S. store shelves in force by the middle of 2010.
Top TV makers including Sony Corp, Panasonic Corp, LG Electronics Inc and Samsung Electronics Co Ltd will feature 3D screen advances at the Consumer Electronics Show this week, hoping the new technology will be as big a boost for the industry as the transition to color TVs from black and white.
TOKYO (Reuters) – Sony Corp <6758.T> pushed back an elusive profit margin target to March 2013, after narrowly failing to meet the goal last year, but it aims to make its video game and TV operations profitable next year.
Sony’s TV business is in its sixth straight year of losses as it struggles to compete with South Korean rivals such as Samsung Electronics Co Ltd <005930.KS>, and analysts said it would be difficult for the unit to turn profitable soon.
TOKYO (Reuters) – Japan’s Sony Corp <6758.T> pushed back an elusive target of an operating profit margin of 5 percent to March 2013, as it heads for its second straight loss and loses ground to overseas competitors.
Sony, which is shedding jobs, closing plants and selling non-core assets this year, said on Thursday it now aims to earn a 5 percent operating profit margin and a 10 percent return-on-equity in the year ending in March 2013.
TOKYO (Reuters) – Sony Corp <6758.T> aims to earn a 5 percent operating profit margin in three years by turning its struggling LCD TV and game operations profitable next year and launching 3D TVs and lithium-ion batteries for electric vehicles.
Sony, which is headed for its second-straight annual loss, shed jobs, closed plants and sold non-core assets this year to improve its cost structure, and investors are now convincing growth strategy from Sony management.
TOKYO (Reuters) – Mired with losses, Japan’s biggest electronics group by sales, Hitachi Ltd <6501.T>, is raising up to $4.6 billion to cut debt as it seeks to turn around its sprawling businesses and invest in new growth drivers.
The capital raising, the company’s first in 27 years, follows similar moves by NEC Corp <6701.T> and Toshiba Corp <6502.T>, and sent Hitachi’s shares down 8.5 percent in the biggest drop in six months on Monday even though markets expected the fund raising.
TOKYO, Nov 16 (Reuters) – Shares of Hitachi Ltd <6501.T>,
Japan’s biggest electronics firm by revenue, were headed for
their biggest single-day slide in six months after sources said
it would raise up to $4.5 billion to shore up its battered
Two sources familiar with the matter told Reuters over the
weekend that Hitachi plans to sell about 300 billion yen worth of
shares and another 100 billion yen in convertible bonds.
TOKYO/TAIPEI, Nov 6 (Reuters) – Japanese chip maker Elpida
<6665.T> said it will outsource production of PC memory chips
to Taiwan’s ProMOS <5387.TWO>, as it jockeys for political and
technological clout in Taiwan against U.S. rival Micron <MU.N>.
Elpida, locked in a race with Micron to be the world’s No.3
DRAM maker, wants ProMOS on its side as it fights Micron’s
rival Taiwan alliance, which includes Nanya <2408.TW> and