Despite the failure of US Memories, another attempt at a US co-operative to reduce dependence on Japan Inc is being discussed, Electronic News reports. The paper says that Compaq Computer Corp, Apple Computer Inc, Sun Microsystems Inc, and three other unidentified companies have been in talks since last autumn on establishing a joint venture company to develop and produce high definition liquid crystal diode displays in sizes of 17 up for the shareholder members of the consortium. The technology would be licensed from the David Sarnoff Research Center in Princeton, New Jersey, and the members reckon that seed investment of $100m would be required by the corporate shareholders in the privately held company. The paper hears that a business plan is being prepared and that a June launch is planned. None of the named companies would comment.
