Wednesday, April 06, 2005
Canon Looking at Entry Into HDTV Market
Japanese electronics giant Canon wants a piece of the flat-panel TV business and may buy a smaller company like JVC as a means of entering the fray. The company is already working on SED technology (surface conduction electron emitting display) with Toshiba, which some in the industry believe will eventually replace LCD and plasma displays, but Canon's CEO may want a quicker means of entry into HDTVs. He told Reuters in an interview that his company is not yet seriously pondering an acquisition, but that it prefers to manufacture its own products and as of now has no facilities that can churn out televisions.
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