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Sony has refined its ground-breaking XEL-1 OLED TV, reducing the panel thinness to just 0.3mm, down from 1.4mm. The prototype edition, shown at Japan’s Display 2008 trade expo, is based on an entirely new substrate and glass. It retains the original resolution of  960 x 540 pixels. Commercial production is expected to begin later this [...]

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The Chairman of Samsung, Lee Kun-hee, could be jailed for five years after being indicted by South Korean Special Investigators on charges of tax evasion and breach of trust. The revelation came at the conclusion of a very public 99-day probe into corruption charges. The shamed Chairman was found guilty of hiding 4.5 trillion won [...]

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It is looking increasingly likely that JVC will become the first Japanese TV maker to withdraw from its local market, citing fierce pricing competition for the retreat. Many of the company’s financial woes stem from its money-losing TV operation. JVC’s latest prediction is that it will lose 47.8 billion yen this fiscal year. The company [...]

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Flatscreens and mobile phones have helped South Korea’s LG Electronics to turn last year’s financial loss into a first quarter net profit. The company has declared earnings of 422 billion won for Q1, with sales up 14.8 percent. LG’s Digital Display Company in particular is shining. Sales jumped 32.1 per cent to 3.637 trillion won, [...]

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JVC has revised down already gloomy sales projections, “due to intensified competition as well as delays in the launch of some new products in the area of LCD televisions.” The Japanese CE icon is banking on a new breed of ultra-slim LCD TVs to reinvigorate the brand, but these have yet to come to market. [...]

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Mainstream US CE retailer Best Buy is apparently in the running to buy a large chunk of D&M Holdings, owner of high-end AV brands Marantz, Denon, Boston Acoustics, Snell and Escient. Holding company RHJ International SA/NV is auctioning its 49 per cent stake in D&M, and has lined up four potential suitors: the aforementioned US [...]

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Phillips says that difficult trading conditions surrounding its TV business are to blame for a 28 per cent fall in profits. In a statement about its poor past quarter performance, Gerard Kleisterlee, president and CEO, confirmed that while results across most of its operations were good, “our results are clouded, more than we like, by [...]

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Is the most powerful man in Samsung set to resign following the scandal that has rocked the Asian conglomerate? That’s the question haunting South Korea, as the comments made by Chairman Lee Kun-hee after he endured a second round of interviews concerning allegations of bribery and financial irregularity, are digested. Lee apparently told reporters: “I [...]

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