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Tuesday, September 2, 2008

Market Gets Nervous on LCD Panels; AUO, LPL, GLW Drop

Eric Savitz

Shares of glass maker Corning (GLW), LCD panel producers AU Optronics (AUO) and LG Display (LPL) are all down sharply today amid a new wave of market jitters on the prospects for the flat-panel display market.

Several recent Street research reports note that conditions in the LCD panel sector have been difficult for much of the third quarter, raising questions about the companies’ ability to hit current Street estimates.

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