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From: TimF	2/9/2009 7:31:25 PM
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Pioneer Considers Exit From Flat-Panel TV Line By DAISUKE WAKABAYASHI TOKYO -- Pioneer Corp. said it is considering all options in a review of its businesses, including a possible withdrawal from the company's unprofitable flat-panel television-set operation. The comments came following a report in the Nihon Keizai Shimbun business daily that said Pioneer plans to pull out of its television business and split off its DVD-player operations into a joint venture with Sharp Corp. Pioneer's midterm business plan is due to be announced this month. The global recession and a strong yen are exacerbating problems in Pioneer's home-electronics business. Pioneer has been getting squeezed by larger competitors that are lowering prices at a pace faster than the company can slash costs. As consumer spending ground to a halt at the end of last year, Pioneer's rivals cut prices sharply to prevent an inventory buildup. In its fiscal second quarter, which ended Sept. 30, Pioneer said home-electronics sales fell 30% from a year earlier. The company's operating loss widened to seven billion yen ($76 million) from 4.1 billion yen. Pioneer is expected to announce results for its fiscal third-quarter on Thursday. Pioneer said last year it would stop making its own plasma-display panels, opting to buy panels from Panasonic Corp. Pioneer also planned to start building liquid-crystal-display TV sets using panels bought from Sharp. online.wsj.com meganmcardle.theatlantic.com

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