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Technology Stocks : Semi Equipment Analysis

SOXX 342.47

+1.6%

Jan 16 4:00 PM EST

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To: Gottfried who wrote (13146)	1/28/2004 11:44:39 PM
From: StanX Long	Read Replies (1) of 95737

LG Philips LCD 2003 net profit up 246 percent LG Philips LCD Inc recorded net profit of one trillion won (853 million dollars) last year, a 246 percent increase from 2002, the Korea Economic Daily reports. Thursday January 29, 11:36 AM Sales in 2003 at the joint venture between LG Electronics Inc and Royal Philips Electronics NV rose 70 percent to six trillion won, the daily said, quoting industry sources. A spokesman of LG Philips LCD said the company would not release the data on last year's performance until LG Electronics publicizes its own results early next month. LG Electronics, which has a 50 percent stake in LG Philips LCD, now stands to count 500 billion won in profits from its investment in the flat panel display maker. LG Electronics is expected to report about 900 billion won in net profit for 2003 including the 500 billion won in earnings from LG Philips, the report said.

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