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Commonplace & Poor’s analyst John Yang said: “For Panasonic, the exit GSM cell phone market is a positive fact, , such decisions needs to be made early on, reasonably than utilizing the present plant to proceed production 2.5G cell phones, whereas also continuing losses.”In addition to the Philippine factories and growth centers outdoors the United States, Panasonic will even shut down manufacturing in the Czech GSM phone line, and a manufacturing facility located in China and development heart within the UK will shift to 3G cell phone enterprise. cellphone business restructuring is expected to move 10 billion yen of spending cuts, spending cuts will be mirrored in the 2005/2006 fiscal 12 months and the 2006/2007 fiscal yr earnings report.
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