Pioneer wants to get out of the Plasma screen market

Pioneer has been a pioneer of the Plasma technology and holds a number of patents which were valuable and allowed them to make the best screens. However economic realities change the picture; the price of screens has fallen very quickly and the LCD continue to eat into market of screens.
The company must shortly announce the closure of its factories. It will, in future, buy screens from Matsushita and later, will market televisions with LCD screens bought from Sharp
During the last years, Pioneer has also abandoned the market of DVD engravers where they also excelled at the beginning.