http://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/ Engadget HD Comments for Red is the new black as Panasonic joins Sony in posting annual losses http://enghddev.weblogsinc.com/media/feedlogo.gif http://enghddev.weblogsinc.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/http://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/Both US subsidiaries of Panasonic and Sony have being subsidized over the past 5-6 years directly from Japan. Both companies are suffering from huge annual losses. Matter of fact, each television that is being sold is subsidized directly from the factory with $8-30 pending up on the model.
So, each time a television set is sold – they pay on top. And still at the end of each year, a big Cheque arrives just in time at the US subsidiaries before closing the books for the Japanese fiscal year. With a press release, they announce every year over and over again, that they archived a breakeven.
So, finally the “24h Excel wizard” they are trying to pretend, admits to have made serious mistakes – respect ;-)

]]>May 19th 2009 12:40PMhttp://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/http://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/May 19th 2009 2:45PMhttp://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/http://enghddev.weblogsinc.com/2009/05/19/red-is-the-new-black-as-panasonic-joins-sony-in-posting-annual-l/
try maybe 10 years? I don't see that happening anytime soon hoss. ]]>May 20th 2009 5:07PM