Almost crapped myself when I saw ten billion. Too bad, because Panasonic generally makes decent stuff, and they aren't a bunch of jackholes that I'd like to see go down in flames like Sony. Too bad about Sharp too. Going to be an interesting next few years in the LCD market, especially if Apple reinvigorates it by entering at the high end this fall.
I have a Panasonic TV. It's old, but still works. That's always been my experience with them. Their products just seem to work for a long time. But 10.2 Billion? That's not going to go down easy, sad news.
"Japanese electronics companies can't compete with Samsung... who buys a panasonic for anything anymore?"
Samsung is rocking nowadays. It's funny because for years Samsung was absolute garbage. They were one of the bottom end manufacturers that you would see at Kmart and WalMart right next to the Emerson product lines. Now, they make some of the best stuff out there. However, I think I would still buy Panasonic over Samsung and would gladly buy either one over Sony and for years I wouldn't buy anything BUT Sony. Now they sell overpriced junk.