Mitsubishi, in Restructuring, Drops LCD
Mitsubishi announced Friday that it will stop making LCD TVs, in a restructuring that will see the closing of two offices and the downsizing of others.
The company will instead emphasize large screen TVs (73" and above) using DLP and LaserVue technology.
"The goal is to reclaim our position as the "large screen" company," Cayce Blancard, the company's senior vice president of corporate communications, said in a letter Friday. "To that end, on the Audio Visual (AV) side of our business, we will manufacture and sell micro-display projection televisions (MDPTVs) and Laservue televisions in sizes 73" and above. On the Professional Visual Systems (PVS) side, the company will concentrate on projector sales, display wall, printers and large public display screens."
Mitsubishi will close its facilities in Ontario and Braselton and relocate some employees to its North American headquarters in Irvine, Calif.