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Strategies & Market Trends : Korea
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From: pcyhuang6/13/2006 9:58:37 AM
   of 214
 
LPL -- A Letter to the Editor of the Wall Street Journal

Andrew:

You wrote:

"Shares of LG.Philips LCD dropped 90 cents, or 5.2%, to $16.31 on the New York Stock Exchange after the liquid-
crystal display manufacturer cut its financial forecast. The company now expects TV panel sales to be 25% higher than
the previous quarter, compared with an earlier projection of 33% growth....The revised outlook makes it likely that
LG.Philips will post its first loss since early 2005."

LG.Philips LCD had earlier reported that it returned to profit in the first-quarter on increased demand for flat screens used in televisions and personal computers.

Now since LG.Philips LCD expects its TV panel sales this quarter to be 25% higher than the previous quarter, how did you conclude it likely that LG.Philips will post its first loss since early 2005?

I call this an unsupported statement and it should not come from a professional journalist.

Best regards,

pcyhuang
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