Sharp looking at 10% reduction in production

Sharp is looking at a 10% reduction in flat screen production in its overseas factories, a reaction to the cooling economy and a recent lawsuit for price fixing.

50-inch LCD prices have dropped six perecent since October and Sharp’s own index fell to 12%. Don’t worry, though: LCDs should hit $110.8 billion in 2012 after we all dig our homes out from under the rubble of the economy.