Philips to quit Plasma TVs?

May 17 2008, 6:00am CDT | by Luigi Lugmayr

Digitimes reports that Philips is likely to completely get out of the PDP TV market in 2009.

Funai, who operates the Philips TV brand, says that the company and Philips have no plans to develop new PDP TVs from the end of 2008, indicating that Philips will officially quit Plasma TV operations in 2009. Philips is still expected to ship 500,000 Plasma TV sets this year.
More details on Digitimes.

Funai just recently signed the licensing deal with Philips. Under the deal, set to take effect Sept. 1st, Funai will pay licensing fees to Philips in exchange for the exclusive right to use the Dutch firm's Philips and Magnavox brand names. The deal can be renewed every five years. Via JCN.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.