When it looks like it might get ugly outside, you hold hands. At least in the business world. And the flat panel market, especially LCDs, is looking pretty throat-cutty. Hence we've got two big back-to-back hookups: First, Toshiba and Sharp. Now, Canon and Panasonic are each swallowing 24.9 percent of Hitachi Displays, a subsidiary of Hitachi that fabs LCD panels to make a flat-panel triad, which hopefully means cheaper, better displays on our end as they share the thrill of victory and the agony of defeat. [WaPo]
i guess we must be using some kind of new business math, because back when i went to college, if you cut down the number of companies making something, prices went up because of less competition, not down.
still, i guess if they can 'leverage economies of scale' but that's dilbert-speak.