Another Company Withdrawing from Plasma Display Market

You can add another name to the list of companies that are withdrawing from the plasma display panel TV market. It appears that stiff competition and costs are two of the main factors in this particular move.

During a recent announcement of its fiscal year of 2006 (the year ended March 2007) performance in May, Funai updated its LCD TV business strategy and highlighted the company is scheduling to launch a 42-inch full high-definition (HD) LCD TV in the US in mid-2007. The company will also have a full line up of LCD TVs, from 15- to 37-inch models with a DVD player, noted Funai.

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