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Matsushita Electric Industrial Co., Ltd. (松下) is a company based in
Kadoma,Osaka,Japan that manufactures electronic equipment. Its brands
include Panasonic, National, Nais, Quasar and Technics, and they are the
controlling stockholder of the Japan Victor Company (JVC). It was founded by
Konosuke Matsushita in 1918, with its first product being a bicycle lamp.
Since then, it has became the largest Japanese electronics producer and
competes mainly with Sony, Toshiba and Philips. In addition to electronics
Matsushita offers non-electronic products and services such as home
renovation services.
Timeline:
- 1918: Company founding
- 1951: First use of the Panasonic brand for export
- 1953: Becomes majority stockholder of Japan Victor Company
- 1959: Matsushita Electronic Corp. of America established
- 1986: Buys the TV division of Motorola and gains ownership of the
Quasar brand.
- 1989: Death of Konosuke Matsushita
- 1989: Acquires MCA-Universal
- 1991: Announces MSX-3, the final version of the popular Japanese home
computer
- 1992: Sells MCA-Universal to Edgar Bronfman Jr. of Seagram's due to
management conflicts.
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