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Onkyo took the AV receiver market in the UK by storm during 2007, thanks to advanced specifications and some great reviews in the specialist press. Now the brand is hoping to catch lighting in a bottle twice, with a new updated budget range. Although no prices have been announced for its two new entry-level 7.1-channel [...]

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Toshiba has lowered it earning forecast for the year, announcing that it will take a 65 billion yen loss for exiting the HD DVD business. The company lowered its group profit forecast for the financial year ending March 31 to 125 billion yen, down from 137 billion yen last year. In a statement, Toshiba says: [...]

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Sharp says it will increase LCD panel production at its Kameyama 2 plant by 20 per cent this year. This summer, the facility will be processing upwards of 90,000 glass substrates monthly. It will also introduce new technology to increase the number of 32-inch panels it can squeeze from an 8th generation substrate to 15; [...]

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Hitachi is the latest panel maker to be plunged into crisis, thanks to the growing pressure on the worldwide flat panel TV market. The company says it expects to announce a net loss when it publishes its year-end figures on March 31. Hitachi says the blame for its impending, disappointing results is due to falling [...]

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LCD and plasma panel maker LG Display has signed an extensive cross-licensing agreement with the Eastman Kodak Company, giving it access to a wide variety of OLED intellectual property, including innovative techniques designed to improve the yield of Active Matrix OLED (AMOLED) modules. LG Display believes the deal will give it an edge in the [...]

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LG is ramping up its Research and Development divisions. The LG Group says it plans to invest more than 3 trillion won in developing and improving new technology, a jump of 11.1 per cent. 2.5 trillion won of this will be channeled in electronics; with 400 billion won going into chemicals and 100 billion won [...]

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Confirming its ongoing retreat from hardcore electronics, Dutch giant Philips has sold off more shares in joint venture company LG Display. Dropping 6.7 per cent, it now owns only 13.2 per cent of the Korean-based company. The sale raised 680 million euros. Philips, which once had a 45 per cent stake in the panel-making venture, [...]

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Ignore the online scoff about a Blu-ray disc drive for the Xbox 360. It’s just not true. So says Microsoft’s group product manager Aaron Greenberg. He poured cold-water on the rumour-mongering by categorically stating to Reuters: “Xbox is not currently in talks with Sony or the Blu-ray Association to integrate Blu-ray into the Xbox experience.” [...]

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