Faced with a counter attack from first-tier flat-panel TV competitors moving into the discount store and warehouse club chains with more price aggressive models, Vizio will retaliate this summer and fall with high-performance offerings that the company said will maintain its strong value proposition in better-featured products.
Verizon Communications recently announced that it planned to add 25 high-definition channels to its FiOS TV lineup this month, bringing its HD offerings up to some 60 HD channels. And FiOS has said that it planned to have 150 HD channels by the end of 2008. But FiOS TV vice president of content and programming Terry Denson stressed that the ultimate goal is to be “the clear categorical leader” in HD programming by “any measure.”
To meet rising demand for high-definition-capable facilities, GlobeCast America has been investing heavily in upgrading its U.S. infrastructure for transmission and playout of HD signals. As part of that process, it has improved its global fiber network and has nearly completed the upgrade of its Culver City, Calif., operations.
LG Electronics reported higher quarterly sales and operating profit on both a global and parent basis, mainly from strong cellphone and flat-panel TV sales. On a global basis, sales jumped 22.1 percent to $12.534 billion and operating profit was $843 million, which results in a 6.7 percent profit margin for its fiscal second quarter, ended June 30.
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