Sony (SNE) and Panasonic (PC) agree to a TV tie-up, and will work together to develop a new...

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE) and Panasonic (PC) agree to a TV tie-up, and will work together to develop a new production technology for large-screen organic LED display panels. The fact that the two rivals are teaming up underscores the financial difficulties facing both companies, each coming off a record annual loss.