Mitsubishi Electric plans to stop producing LCD panels for television sets and personal computers and shift to smaller panels for cellular phones and industrial equipment, the Nihon Keizai Shimbun reported, without citing sources.

Panels for TVs and PC monitors, largely 15" models, accounted for 65 pct of the LCD panels the company produced in the financial year to March 2004. But the major electrical machinery manufacturer intends to lower this ratio to 20 pct in the current year and cease production altogether by the year to March 2007, the report said.

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