News Panasonic, Hitachi post massive losses

http://www.bit-tech.net/news/bits/2009/05/18/panasonic-hitachi-post-massive-losses/1

The Japanese technology sector has been hit by massive losses reported by companies including Panasonic, HItachi, and Sanyo.

 

We should sue all american banks for their incompetence. It's a real butterfly effect going on here. Some banker morons in USA f*ck up the whole world economy. They should be hanged on the highest pole. Instead they award the banks with more money. Its a bloody shame...

 

Would you rather have more than 50m unemployed people in the US alone?

Anyways, it's not that shocking when you compare it to Lloyd's or RBS.
Yet it's still bad to see all those big ones fall. Less profit, less money for R&D, less toys for us.

 

Not to mention that these days it seems Samsung is completely owning the consumer electronics market. I don't think I've even seen a Panasonic or Hitachi television in months.

 

recession has hurted everyone which seemed to be biggies in buisness before and after all most effected sector from this recession is I.T. sector that's why the panasonic is in trouble.And as far as head of the technolgy concerns, UK can't overtake easily as japan is not dependent upon panasonic or upon few brands only.