Thursday, October 15, 2009
LG Display’s Net Nearly Doubles
South Korea’s LG Display Co. said its third-quarter net profit nearly doubled from a year earlier, thanks to a steady rise in prices for flat-panel screens.
Tuesday, October 6, 2009
LCD Makers’ Increased Capacity May Stifle Recovery
The rush by Asian liquid-crystal-display makers to ramp up production at home and to invest in new plants threatens to curtail the nascent recovery in the flat-panel market.
LCD makers in Asia have just started to see their earnings recover in the second quarter after prices began to rise thanks to production cuts made last year, component shortages and strong demand from China.
Wednesday, October 29, 2008
Corning: Q4 Outlook Misses; Sees Big Drop in Demand
Corning’s third-quarter results and fourth-quarter outlook appear to reinforce logic–in a recession, big screen TVs do not count as necessary luxuries. LED glass volume is projected to fall 10-20 percent in Q4–20-30 percent within Corning’s wholly owned glass business. CEO Wendell Weeks says the company plans to greatly reduce capital spending and development and engineering costs.
Tuesday, October 7, 2008
Corning: Q3 Glass Shipments Short of Expectations
The troubles are deepening at LCD glass maker Corning (GLW).
This morning, Corning CFO James Flaws said in a statement that third-quarter glass shipments grew 2 percent sequentially, which was lower than expected. Corning said volume was was up 12 percent at Samsung Corning joint venture, but down 10 percent at the wholly-owned business.
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