Tech Data, a distributor of IT products, announced on 15 May, its Digital Signage and Projectors Specialized Business Unit (SBU) has established distribution agreements with HANNspree North America, a provider of LCD TV products, electronics company Hitachi Home Electronics and Vivitek, a manufacturer of visual display and presentation products.

Sony on Thursday announced its first annual loss in 14 years and warned it would stay in the red this year as the global economic downturn inflicts heavy damage on Japan's high-tech giants.

Electronic manufacturers, including Toshiba and Hitachi, are planning to consolidate flat-panel television factories outside Japan and expand outsourcing to cut costs, the Nikkei business daily reported.

Sony who is desperate to cut their massive losses has commenced talks with arch rival LG to make LCD panels for their Bravia LCD TV range, the talks come a month after the Company signed a deal with Sharp to make large screen Bravia panels.

Spurred by growing environmental movement and the implementation of new EPA EnergyStar 3.0 power-consumption regulations, television manufacturers have rallied to the cause this year with new power-efficient TV designs.