In another sign of global economic issues forcing companies to make tough decisions, Panasonic announces that it will not be going ahead with two TV factories it was planning on building.  The two factories would have cost the manufacturer $1.5 Billion which the company will be able to hold onto to better weather the financial turmoil.

The moves comes after Sanyo is in the process of taking over the plasma and LCD TV maker.  This may mark the beginning of several cuts made by electronics companies.

[Source: Businessweek]

• The Day Plasma TVs Died
• A Small Investment Can Save Big Home Theater Energy Drain
• Vizio and Funai Decide To Hug It Out In Court
• And Then There Were Two
• $699 – The New HDTV Pricing Sweet Spot