Bloombe: Pioneer to relegate DVD (BD) player business to a Sharp JV - High-Def Digest Forums
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Old 02-07-2009, 09:28 PM
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Default Bloomberg: Pioneer to relegate DVD (BD) player business to a Sharp JV

i had a hunch that Toshiba giving up on HD DVD a year ago was a blessing in disguise (for Toshiba at least)

Implications of this piece of important news on other CEs? BD players were <>$1K in not long distant memory ago its going to be $150 (reportedly from Lite On)



http://www.bloomberg.com/apps/news?p...4qg&refer=asia

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Pioneer to Outline Revamp When It Reports Earnings (Update1)

Feb. 7 (Bloomberg) -- Pioneer Corp., which introduced the first DVD player in 1996, said it plans to make an announcement about restructuring its business on Feb. 12, when it’s scheduled to announce earnings.

Pioneer had its debt rating cut two levels to Ba1, a step below investment grade, last month by Moody’s Investors Service, which cited a slowdown in demand for car audio and navigation products. The Tokyo-based manufacturer, which posted net losses in each of its past four business years, said in October it expects a loss of 78 billion yen ($849 million) this year.

The Nikkei newspaper reported this morning Pioneer will stop developing televisions and shift production of DVD players to a new joint venture with Sharp Corp., a move that will widen its net loss to 100 billion yen in the year ending March 31.

Pioneer was not the source of the Nikkei report, the company said in a statement to the Tokyo Stock Exchange today.

To contact the reporter on this story: Patrick Rial in Tokyo at

http://www.google.com/hostednews/afp...GXk8skRmMjeDGw
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Japan's Pioneer to quit flat-panel TV business: report

TOKYO (AFP) — Japan's Pioneer Corp. is to quit its loss-making flat-screen television business in a sweeping overhaul of its operations, the Nikkei business daily reported on Saturday.

The company had planned to end in-house production of plasma panels by the end of March and fit TVs with Panasonic Corp. panels instead.

But, faced with worsening profit margins amid the global economic downturn and a stronger yen, which hurts exports, it has decided to end TV production altogether, the Nikkei newspaper said, without naming sources.

Pioneer had been restructuring its troubled plasma television operations, shedding hundreds of jobs and shutting a domestic plant last year.

Pioneer will also spin off its loss-making DVD player operations to a new company to be set up with Sharp Corp. this year, the Nikkei said.

It plans to shed several thousand jobs from its 40,000-strong workforce by March 2010, the paper added.

Pioneer is expected to post a consolidated net loss of more than 100 billion yen (1.09 billion dollars) for the current year to March, up from the 78 billion yen loss it had earlier forecast, the report said.

AFP could not reach immediately reach the company for comment.
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Old 02-07-2009, 09:42 PM
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So they're posting losses two years in a row, and like many CE companies in Japan, they have to restructure. Forming a joint venture with Sharp is the only positive thing there is in this article.

Halting plasma development is the highlight here, so you're really trying hard here.

For the record, Toshiba posted an operating loss of Y158 billion.. more than Pioneer and Sony. Blessing in disguise indeed
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Old 02-07-2009, 10:03 PM
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Looks like ever being able to afford a Kuro Elite just went out the window.
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Old 02-07-2009, 10:13 PM
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I'll take it you haven't updated your sig for a while.
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Old 02-07-2009, 10:52 PM
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Quote:
Originally Posted by MSX2 View Post
So they're posting losses two years in a row, and like many CE companies in Japan, they have to restructure. Forming a joint venture with Sharp is the only positive thing there is in this article.

Halting plasma development is the highlight here, so you're really trying hard here.

For the record, Toshiba posted an operating loss of Y158 billion.. more than Pioneer and Sony. Blessing in disguise indeed
can u imagine adding HD DVD expenses to that "operating loss of Y158 billion" ?
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Old 02-07-2009, 11:04 PM
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Quote:
Originally Posted by xboxboi View Post
i had a hunch that Toshiba giving up on HD DVD a year ago was a blessing in disguise (for Toshiba at least)

Implications of this piece of important news on other CEs? BD players were <>$1K in not long distant memory ago its going to be $150 (reportedly from Lite On)
?
If youre using Pioneer as an example for Toshiba not releasing a player then are you also suggesting Toshiba quit the flat panel tv business too?
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Old 02-07-2009, 11:11 PM
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Pioneer has been in trouble for years.

I don't really think that their financial troubles in the aggregate will have any impact on whether BR is ultimately successful.

But it does appear that there may be one less CE BR provider. At least at the manufacturing and innovation level.
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Old 02-08-2009, 12:10 AM
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This is a sad day for high-end plasmas, not Blu-ray.
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Old 02-08-2009, 12:14 AM
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Quote:
Originally Posted by xboxboi View Post
i had a hunch that Toshiba giving up on HD DVD a year ago was a blessing in disguise (for Toshiba at least)

Implications of this piece of important news on other CEs? BD players were <>$1K in not long distant memory ago its going to be $150 (reportedly from Lite On)



http://www.bloomberg.com/apps/news?p...4qg&refer=asia




http://www.google.com/hostednews/afp...GXk8skRmMjeDGw
Where does it say they are going to stop making BD players (or relegate BD to Sharp like the title of this thread says??). I see only DVD players listed?
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Old 02-08-2009, 02:02 AM
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Quote:
Originally Posted by Enzobot24 View Post
This is a sad day for high-end plasmas, not Blu-ray.
Sad day for the best-looking displays money can buy...the other CEs will be playing catchup for a few years.
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