Philips pulling out of PDP TV market

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Wow.....During a recent press event in Hong Kong, Rudy Provoost, CEO of Philips Consumer Electronics said the company has decided to phase out of the PDP (plasma display panel) TV market and focus on LCD TVs in the future. Except for North America and Australia, Philips will drop PDP TV sales and it plans to stop PDP TV sales in China later this year, Provoost pointed out. DigiTimes has more.