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Technology Stocks : OLED Universal Display Corp -- Ignore unavailable to you. Want to Upgrade?

To: nigel bates who wrote (189)	12/3/2001 10:32:00 PM
From: Savant	Read Replies (2) \| Respond to of 29657

RT.. Sanyo Plans Display Venture with Kodak Dec 3 8:46pm ET TOKYO (Reuters) - Sanyo Electric Co Ltd., Japan's third-largest consumer electronics maker, said on Tuesday it would set up a joint venture with Eastman Kodak Co. to make thin, power-saving organic electroluminescent (OEL) displays. The venture would expand cooperation between the two in the next-generation display technology, which Japanese electronics makers hope to use in cell phones, digital cameras and other handheld gadgets with space and battery-power constraints. A Sanyo Electric spokesman declined to give further details ahead of a joint news conference at 3 p.m. The business daily Nihon Keizai Shimbun reported the two would set up a venture owned 60 percent by Sanyo to begin volume production of full-color OEL displays next spring, with initial capitalization of about 500 million yen and a sales target of $400 million in the business year from April 2004. The spokesman said Sanyo Electric was already producing 2.4-inch OEL screens on a trial basis at a pilot plant in Gifu prefecture, northwest of Tokyo. The company has also been working jointly on OEL screen development with Kodak, which holds key patents on materials used in the displays. Unlike traditional liquid crystal displays, which require back-lighting, an OEL screen emits light when a current is passed through it, allowing thinner screens. A slew of Japanese electronics makers, including Toshiba Corp., Rohm Co Ltd. and a joint effort between NEC Corp. and Samsung SDI Co., are targeting the potentially fast-growing OEL display market, indicating that competition for market share is likely to be intense. Most are eying the technology for portable and hand-held devices, although Sony Corp, the world's largest maker of audio-visual electronics, this year unveiled a larger, 13-inch screen for flat-panel TVs it aims to mass-produce by 2003. Samsung SDI, South Korea's largest display maker, said in October it had developed a 15-inch OEL screen. Sharp Corp, Japan's largest liquid crystal display maker, has been focusing heavily on next-generation LCD technology that would incorporate circuitry into panel screens, although it joined a venture earlier this year with affiliates of Pioneer Corp and TDK Corp to make thin-film transistors for OEL displays. The Kodak news gave a lift to Sanyo Electric's shares, which rose 4.4 percent to 641 yen in early trade, outperforming a 0.69 percent rise in the benchmark Nikkei average Best, Savant