RealD shares slump as Samsung exits 3D TV deal

By November 3, 2011March 24th, 2020Newswires

RealD shares slump as Samsung exits 3D TV deal

(Reuters) – RealD Inc’s shares fell as much as 14 percent in extended trade after the licensor of 3D technologies said Samsung Electronics pulled out of an agreement to make television panels featuring the company’s technology.

Samsung’s new management was not pursuing the agreement, announced in May this year, as the global economic climate dragged down consumer demand, RealD said.

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