More ugly news from the Japanese electronics industry today. Sanyo Electric, the world’s largest producer of rechargeable batteries, this morning slashed its earnings forecast for the second time in as many months.
Read More »
Like Godzilla’s occasional rampages through Tokyo, the econalypse’s effect on Japan’s consumer electronics industry has been almost casual in its devastation, with Sony, NEC and Hitachi all announcing massive job cuts in the past few months. Today, Panasonic joined them. Hard hit by the global recession, Japan’s biggest consumer electronics company this morning warned of a $4.2 billion annual loss and said it plans to sack about 15,000 workers.
Read More »
“We have big plans for the digital television business,” Canon CEO Fujio Mitarai said at a Canon exhibition in 2005. And with a new technology called surface-conduction electron-emitter display, and plans to use it to transform the lowly TV into a “multifunction information device,” Canon seemed well poised to execute them. At the time, anyway.
Read More »