Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (12222)	11/29/2004 10:14:03 AM
From: Proud_Infidel	Respond to of 25522

Oversupply to hit 2005 LCD equipment market, says firm Silicon Strategies 11/29/2004, 9:48 AM ET NEW TRIPOLI, Pennsylvania — While the worldwide market for processing equipment for TFT-LCDs will grow 45 percent to reach $4.8 billion in 2004, a combination of several factors will drop the growth rate to only 7 percent in 2005, according to The Information Network, a New Tripoli-based market research company. The LCD equipment market with sales of $1.26 billion in 2004, growing to $1.45 billion in 2005 is set to be led by lithography tools from Canon and Nikon. A number of LCD makers have announced, or are considering, delays in the opening of factories because of overcapacity, including HannStar, Chunghwa Picture Tubes, AU Optronics, and Chi Mei Optoelectronics, The Information Network said. An 8.9 percent oversupply in large-size TFT-LCD panels existed in the third quarter, but that oversupply should dissipate to a 1 percent to 2 percent oversupply by year-end. The market for large-panel TFT-LCDs for TVs and notebook and desktop monitors will grow from $24 billion in 2003 to more than $35 billion in 2004. Glass substrates will grow from 7.2 million units in 2003 to 10.7 million in 2004, the market research company said. "The equipment is being purchased this year for a rash of new fifth, sixth and seventh generation facilities to become operational in early 2005," said Robert Castellano, president of The Information Network, in a statement. "Equipment suppliers will be rewarded with healthy demands for new equipment to fill those plants. Revenues grew 19 percent in 2003 and will follow with a 45 percent gain in 2004 and 7 percent in 2005."