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Panasonic Corp. rose 1.5% after announcing a new president in an effort to return to profitability.
WSJ: Asian Shares Rise
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Panasonic Corp. bucked the downward trend in Tokyo, gaining 0.6%, after a Nikkei report said that the company plans to significantly downsize its TV operations over the three years, from fiscal year 2013.
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Two in-flight entertainment providers, Panasonic Corp.
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Competitors include Panasonic, Sony, Analog Devices, Epson Toyocom Corp.
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It represents an open mind and willingness to embrace the inevitable within Japan's darling CE corp, however, and with Samsung and Sony leading, Olympus, Panasonic and perhaps even Canon and Nikon will follow up with their own offerings.
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