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Panasonic to cut US plasma TV prices by 20%.

In a press release issued this morning, Panasonic said it will cut the MSRP of six of its plasma TVs sold in the US, by between $500 and $1,000, effective 1 September. The company"s "entry-level" TH-42PD50U, whose MSRP had been $2,499, will now be marked at $1,999. A quick check of online retailers" prices shows the TH-42PD50U was already selling for street prices of about $2,000. No word as to whether these retailers will follow suit. Read the complete press release. (PR Newswire)

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