Pioneer to exit TV market, spin off DVD business

Posted on Monday, February 09 2009 @ 21:35 CET by Thomas De Maesschalck
Pioneer will reportedly exit the TV market and spin off its DVD business unit:
A report in the Nikkei Japanese business journal Friday claims that "Pioneer Corp. will pull the plug on its loss-ridden television business and shift its DVD player operations to a new venture with Sharp Corp. in a sweeping overhaul," according to the paper.

Late Friday, a spokeswoman for Pioneer's USA businesses did not specifically confirm or deny the report.
More info over here.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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