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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (20180)	12/6/2004 3:52:10 PM
From: Larry S.	Read Replies (1) \| Respond to of 78525

Paul, i own AUO, averaged down once, and am a fair amount underwater. There is a significant short term surplus in flat screen glass in Korea, Taiwan, and China. There will continue to be short term pressure on these manufacturers. Ideally, in pure capitalistic world, the increased supply will lead to lower prices at retail, which will spur demand to soak up the glut. (Do you know anyone who DOESN"T want an LCD monitor or TV?) I am looking to get out of AUO soon, because I think the supply/demand picture is negative for them in the near term. I think GNSS (supplier of chips for LCD) and GLW - Corning, manufacturer of the glass used in the production of the monitors and TVs are stronger plays. You said that AUO makes chips, i thought they producted the tvs and monitors. larry

To: Paul Senior who wrote (20180)	12/6/2004 9:06:08 PM
From: Madharry	Read Replies (1) \| Respond to of 78525

Paul FWIW what stopped me from buying AUO is that i read somewhere that the industry is such that they would just have to keep increasing their capital expenditures to stay competitive, and the capital expenditures dwarf the profits. then 5 years down the road they hope to reap the benefits of all those capital expenditures they plan on making. that just scared me off the stock. But then i was afraid to buy ELN too. OT most of my mining stocks are tanking today and I cant figure out why. Perhaps Mr. Market know something I dont?