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In This Issue

JVC Group Loss Balloons, Shuts TV Factories
Tokyo — Victor Co. of Japan, parent of JVC America, disclosed Friday it will stop making LCD TVs in Japan and Scotland and shift production to other sources in a bid to raise profitability, according to reports from Japan. Read More

Samsung Q1 Profit Up 37%
Seoul, South Korea — Samsung Electronics surging first-quarter profit was driven by mobile phone sales. Read More
Additional News
Pioneer, Matsushita Formalize PDP Plans
Tokyo — Pioneer and Matsushita Electric Industrial (Panasonic) have reached an agreement on a comprehensive partnership for the development and production of plasma display panels, according to a Nikkei Business Daily report. Read More

Sharper Image Officially On The Block
San Francisco — Sharper Image has formally put out the for-sale sign. Read More
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NEW Announces Exec Promotions
Sterling, Va. — NEW Customer Service, a leading provider of extended-service plans and buyer-protection programs for consumer products, announced six officer promotions that became effective April 1. Read More

Toshiba Reports Lower Income
Osaka, Japan — Toshiba reported a double-digit drop in operating income but an increase in net sales for its fiscal year, ended March 31. Read More
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Sharp Reports Lower Profit, Higher Sales For Fiscal Year
Osaka, Japan — Sharp reported a small drop in operating profit and a strong increase in sales for its fiscal year, ended March 31, due mostly to the volatile LCD market. Read More

Ingram Micro Posts $8.58 Billion In Sales
Santa Ana, Calif. — Ingram Micro announced financial results for the first quarter of 2008, ended March 29. Read More

OfficeMax Adds Virtual Office
Santa Clara, Calif. — 8x8 said today that OfficeMax will distribute its Packet8 Virtual Office business-phone system through the retailer’s 900-plus stores nationwide. Read More
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Special Section: Car Electronics
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