No longer a rumour, it was announced today that Pioneer are laying off 10,000 people and getting out of screen manufacturing, now the rumour is that they are going to pull out of Australia for CE product entirely ...

There is a rumour that Pioneer are about to finalise negotiations with Sharp that will leave them no longer as a manufacturer of Flat Panel TV's but only as a producer of disc spinners. Sharp have owned a large portion of Pioneer for some time and that has become increasingly burdensome on Sharp's own balance sheet as the Pioneer fails to render profits for the fifth year running, perhaps our friends at Sharp are clearing the feild in the marketplace for their own , up till now, very profitable panel manufacturing....