Pioneer cierra fábricas de plasma...

Plasma news Posted Monday, April 4th, 2005
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** IMPORTANT ** Error with story on Pioneer cutting back plasma production

Pioneer has informed us that the story we posted last week suggesting that Pioneer was drastically reducing its plasma production is in fact incorrect. The truth of the situation is that while Pioneer IS shutting down some of its production facilities, plasma production is actually NOT going to be affected by the cutbacks. In fact, Pioneer is keen to stress that its plasma TVs make up one of the strongest parts of its current business.

The error in our story appears to have come from internet and press Chinese Whispers following a story from no less esteemed an organ than the Financial Times that ran with the misleading headline of 'Pioneer to reduce flat-screen output'.

Anyway, many apologies to Pioneer. At least it means that our concerns about quality brands getting priced out of the market appear unfounded, for the time being at least, so that's SOMETHING for us to feel happy about this morning!

Posted by John Archer
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