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Technology Stocks : AFCO: Applied Film, Undiscovered Gem? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (214)	5/20/2003 8:12:00 PM
From: SemiBull	Read Replies (1) \| Respond to of 238

Display spending expected to remain strong By Nicolas Mokhoff, EE Times May 20, 2003 (10:32 a.m. EST) URL: eetimes.com BALTIMORE, Md. — The capital equipment market for flat-panel displays (FPDs) will grow at an annual growth rate of 25 percent, or more than one-quarter the dollar volume of the semiconductor equipment market, according to an industry executive. Vincent Sollitto, former president and chief executive of Photon Dynamics, told a session prior to the annual Society for Information Display (SID) conference here on Monday (May 19) that by 2005 FPD capital equipment will be a more than an $8 billion market worldwide. In 1998, by comparison, the FPD equipment market was only about 5-percent of the size of of the IC manufacturing equipment industry. Sollitto, who take the reins at Brillian Corp., a spin-off of Three-Five Systems, Inc. (Tempe, Ariz.)) on June 1, based his predictions on the fast rate that FPDs are displacing CRT monitors and the growth of the large, flat-screen TV market. "Revenue growth of the [active-matrix]-LCDs is approximately three times that of semiconductors," said Solitto. "While overall the technologies in the AM-LCD market are 15-plus years behind those used in semiconductors, the next five years will be the sweet spot" for the market. Ross Young of market research firm DisplaySearch (Austin, Texas) supported Sollitto in his own presentation. Ross said FPD revenues for desktop applications overtook notebooks in 2002. TVs are expected to overtake desktops in 2007 while mobile phones and PDAs will outpace notebooks in 4 of the next 5 years. "A major driver for TFT LCDs is the mobile phone market, "said Young. Color phone shipments are expected to rise at a 29-percent compound annual growth rate, gaining a 67-percent share of the overall FPD market by 2007, Yound added. Bruce Berkoff, executive vice president of marketing for L.G.Philips LCD, forecast that LCDs would be used widely in new devices like "wired" videophones. He said bandwidth exists to allow phone companies to use the technology for videoconferencing and other revenue-generating applications. The business conference was the first attempt by SID organizers to go beyond technical presentations to explore the business potential of the FPD market. SID 2003 continues all this week.