Most people are unfamiliar with Electrograph Systems.  They were one of the largest distributors of flat panel products in the United States, if not the largest.  Today, they are liquidating all of their assests.  They are another victim of the global recession that we are currently experiencing.

Electrograph was founded in 1982 and they were a national distributor of technology solutions, including plasma displays, LCD displays, LCD and DLP projectors and other specialty displays. The company specialized in display, audio, connectivity and other complementary technologies for both the consumer and commercial markets.

I used to work in this industry and had extensive dealings with the people there for many years, all of whom were top notch.  I feel sorry for them because they are now looking for work in a contracted economy.

I can see the parallels between the technology/consumer electronics industry and the auto industry.  While the auto industry is getting all the headlines, the consumer electronics industry is suffering just as much.  In a recession, as I have mentioned in previous articles, people tighten their purse strings and only buy essentials.  Businesses work much the same way.  Flat panel televisions are considered luxuries, and as such they will not be purchased during tough economic times.