Panasonic camera division in danger?

Started Jul 10, 2012 | Discussions thread
ForumParentFirstPreviousNextNext unread
Flat view
justmeMN
Senior MemberPosts: 1,764
Like?
Panasonic camera division in danger?
Jul 10, 2012

"Panasonic still has many businesses that are a drag on earnings with "more than a handful" in the red and about half of its business converting less than 5% of revenue into profit, he said.

The 55-year-old Mr. Tsuga takes over a firm in transition. Panasonic is pulling back from consumer electronics, its bread and butter for the past few decades, to focus on selling home appliances to fast-growing markets abroad and on building a green-energy business centered on solar panels and rechargeable batteries for industrial use."

http://online.wsj.com/article/SB10001424052702303343404577516342192632320.htm

"We're going to carefully look at the shape of every business and determine if it's moving toward growth or shrinking or an exit from the business," said Mr. Tsuga.

http://www.marketwatch.com/story/in-revamp-panasonic-foresees-short-term-pain-2012-07-09

Disclaimer: I have no idea if Panasonic's camera division is currently making or losing money.

ForumParentFirstPreviousNextNext unread
Flat view
ForumParentFirstPreviousNextNext unread
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark post MMy threads
Color scheme? Blue / Yellow