An anonymous reader writes "SED (Surface-conduction Electron-emitter Display) displays were supposed to be the brightest, most energy-efficient TVs to hit the market, so Canon and Toshiba created a joint venture in 2004 to capitalize on the emerging technology. The resulting entity, SED Inc., was sued in 2005 by Nano-Proprietary, the company that licensed SED technology to Canon in 1999. Nano-Proprietary says that the deal it signed with Canon doesn't extend to Toshiba. Rather than continue to fight the lawsuit and delay SED even further, Canon has now decided to buy out Toshiba's stake in SED Inc."
Canon says that SED TVs will be delivered on time in Q4 of this year, but volume manufacturing (which Toshiba was supposed to handle) is being rethought.