posted 10-29-2003 08:58 AM                       

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Oct. 29, 2003

Sony will eliminate 20,000 jobs

Sony Corp. on Tuesday announced plans to cut 20,000 employees during the next three years as part of a broad reorganization and cost-cutting strategy. The move, which will eliminate more than 10% of Sony's worldwide work force, was expected (HR 10/21). The Tokyo-based conglomerate gave few details beyond the fact that 7,000 of those positions will be in Japan. No specific cuts were detailed for Sony Pictures Entertainment, where it has already been confirmed that some 300 cuts will be made during the next 18 months (HR 10/16). Analysts and sources said last week, though, that SPE should escape much of the cutbacks since it is already making reductions. (Marla Matzer Rose)

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posted 10-29-2003 11:36 AM                       

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Interestingly, another article in the same paper had a lucid comparison of CRT's, Rear Projection, LCD's, and Plasma, with the conclusion that LCD's will catch up with Plasma "size-wise" over the next 2-4 years, and will displace Plasma as the flat screen of choice. The article cited difficulties with Plasma including power consumption, heat, the ability to "burn", and a gradual deterioration in light output--none of which LCD supposedly suffers from.

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