LG. Philips LCD sees TV panel price falling slowing

May 17, 2007

LG. Philips LCD said it would likely break even in the second quarter of this year and said that it will see profit growth in the second half.

The firm’s vice president in charge of TV panel sales Champ Shin also said TV panel prices could fall up to 15 percent this year, compared to 30 percent last year.

“The prices will likely be stable for the time being. In the strong season, there’s even more chance for a (price) rise,” said Shin.

Shin also said that TV panel demand would pick up in the second half of this year. Please listen to audio for details.





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