Audiovox Drops LCD TV's After $2.3 Million Loss, Cuts
8% Of Staff

Audiovox has officially made an exit from the LCD TV market today, after announcing a $2.3 million second quarter net loss. The company cut 8% of its staff according to president and CEO Patrick Lavelle. Understandable Audiovox, it's not like you're a provider of high-end HDTV's or anything, but don't you think you'd be able to grab at least a piece of market share given that LCD TV's will be the number one revenue generator in consumer electronics come 2012? Then again I'm not a CEO, am I.

Via Twice

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