Canon Buys Toshiba's Stake in SED

Canon and Toshiba are going their separate ways in what was their joint SED-based venture. The reason? It seems that Nano-Proprietary, a Texas-based company which licensed technology to Canon, is crying foul over the fact that Canon is sharing Nano's technology with Toshiba. As a result, Canon is telling Toshiba to fork over their 50% stake in their SED venture, making it a one-company project. It's uncertain how this is gonna play out in the long run, although Canon insists they'll still produce the displays for the fourth quarter of 2007. But between their previous delays and their skipping CES, it just sounds like SED is heading the way of vaporware.

Canon to Buy Toshiba's Stake in Display Unit [Yahoo News]