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Kazuhiro Tsuga, president of Panasonic Corp., speaks during a news conference in Tokyo, Japan, on Wednesday. Panasonic Corp., Japan's second-biggest TV maker, projected a loss 30 times bigger than analyst estimates because of restructuring costs and falling demand. (Haruyoshi Yamaguchi/Bloomberg)
Visitors look at flat-panel TVs at Panasonic's booth during an annual flat-panel show in Yokohama, near Tokyo, Wednesday. Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter compared to the previous year as its global sales plunged in flat-panel TVs, laptops and other gadgets. Restructuring costs added to the Japanese electronics company's red ink, which proved far worse than the 105.8 billion yen loss racked up for the July-September period last year. (AP Photo/Itsuo Inouye)
A customer walks near Panasonic Corp., Sony Corp. and Sharp Corp. televisions displayed at an electronics store in Tokyo, Japan, on Wednesday. Panasonic Corp., Japan's second-biggest TV maker, projected a loss 30 times bigger than analyst estimates because of restructuring costs and falling demand. (Tomohiro Ohsumi/Bloomberg)