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Panasonic Dismisses TV Exit Reports

Secaucus, N.J. – U.S. executives at Panasonic here denied reports stemming from a news report in Japan that the company was planning to exit the TV business as it looks to produce display panels for Apple’s mobile devices.

Jim Reilly, Panasonic’s U.S. spokesman, told TWICE Wednesday that recent media reports appearing on sites including Apple Insider and Japanese Business news service Diamond Online “are basically speculative in nature and contain a number of errors of fact or misinterpretation.”