POLITICAL observations & opinions

* Sony, Toshiba, Hitachi To Merge LCD Display Businesses … If the U.S. had even a semblance of a government directed industrial policy, we might do things like this as well

Posted by Lew Weinstein on August 31, 2011

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Mayumi Negishi writes for Reuters (8/31/11) …

  • Japan’s Sony Corp, Toshiba Corp and Hitachi Ltd will merge their liquid-crystal display operations using $2.6 billion of government-backed funds to fend off growing competition from rivals in South Korea and Taiwan.
  • The merged entity will be the world’s largest maker of small panels used in smartphones and tablet PCs, leapfrogging leaders Sharp Corp of Japan and Samsung Electronics of South Korea and keeping at bay the likes of Taiwan’s AU Optronics.
  • Sony, Toshiba and Hitachi were all making losses on small panels until last year so the merger will allow them to focus on their main operations.

read the entire article at … http://www.huffingtonpost.com/2011/08/31/sony-toshiba-hitachi-lcd-display_n_943091.html?utm_source=DailyBrief&utm_campaign=083111&utm_medium=email&utm_content=NewsEntry&utm_term=Daily%20Brief

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LMW COMMENT …

If the U.S. had even a semblance of a government directed industrial policy, we might do things like this as well. We used to, which is how the railroads got built and all the technology associated with the space program was developed. But now we have the Republican/Tea Party “know-nothings” who insist that all government is bad and want to eliminate initiatives (including education of our population) that are utterly essential to our continued prosperity. And people vote for them !?!

 

 

 

 

 


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