Toshiba Corp. revealed that its mid-term strategy includes bullish plans to expand sales, expansion of NAND flash memory development and a commitment to OLED displays for TV applications.

"We've been developing OLED technology for small to mid-sized displays at the joint venture and we had expected that it would 2015 or 2016 before large-sized OLED technology for TV application would become available," Nishida said. "Now we think that we can develop the technology much earlier. We will be able to offer OLED TVs in 2009."