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To: niek who wrote (1291)11/2/2006 12:40:47 PM
From: niek  Read Replies (1) | Respond to of 43514
 
Samsung Elec sees strong global LCD growth in 2007

Thu Nov 2, 2006

SEOUL, Nov 2 (Reuters) - Samsung Electronics Co. Ltd. on Thursday forecast the global LCD TV market would grow 53 percent next year to 73 million units, driven by booming demand for large flat-screen televisions.

Samsung, the world's biggest maker of large liquid crystal display (LCD) panels so far this year, also forecast a 16 percent growth in the market for notebook computer and monitor panels in 2007, to 242 million units, the company said in a statement prepared for a local investor meeting.

Samsung maintained an optimistic stance on the fourth quarter.

"The market momentum will be stronger in the fourth quarter than in the third, in all of our business," said Chu Woo-sik, senior vice president of investor relations, by telephone.

Samsung is expected to remain in the top spot for LCD next year thanks to increasing panel output from its advanced production lines run jointly with Japan's Sony Corp., the company said.

It should "continue to dominate the 40-inch or larger TV market with strong customer base," Samsung said. "Multimedia functions and new operating systems are creating needs for bigger and wider panels."

Tumbling panel prices and weaker-than-expected demand have hit major LCD makers, including last year's No.1 LG.Philips LCD Co. Ltd., which recently swung to net losses. But Samsung's LCD division remained profitable thanks to the brand power of partner Sony.

Samsung expects 40-inch-and-larger panels to drive market expansion, with a 112 percent growth in 2007, while the 46-inch-and-larger segment is seen notching a 253 percent growth.

For the whole company, Samsung, the world's biggest memory chip maker and third-largest mobile phone manufacturer, said it expected a "slow first half and strong second half" next year.

Strong shipments of computer memory chips and mobile devices in the first quarter are expected to limit the downside from the slow seasonality, Samsung said.