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Matsushita, Hitachi, Canon Say No Decision Made on Display Alliance
 

Tokyo, Dec 19, 2007 (Jiji Press) - Matsushita Electric Industrial Co. <6752>, Canon Inc. <7751> and Hitachi Ltd. <6501> said Wednesday that no decision has been made on a flat panel display business alliance among them.

The three companies made the comment in response to Wednesday's report by the business daily Nikkei that Matsushita and Canon will invest in a Hitachi affiliate making small and midsize liquid crystal display panels and developing organic electroluminescence display panels.

Matsushita is also set to raise its stake in another Hitachi-led firm producing large LCD panels to over 50 pct from the current 32 pct, according to the report.


By Jiji Press, (c) Jiji Press

Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.


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