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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: jaker who wrote (8399)9/3/2008 9:43:16 AM
From: Galirayo  Respond to of 41418
 
This little Blurb is taking GLW down as well.

I wonder if it will take down some of the Electronic Retailers too ?? Statements like this are based on Global demand.

SEOUL, Sept 3 - LG Display Co Ltd <034220.KS> <LPL.N> said on Wednesday it would keep its panel output at 90 percent of normal for now as screen prices remain weak amid sluggish demand for flat-screen TVs and personal computers.

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LG Display, the world's second-biggest maker of liquid crystal display screens, had initially planned to resume full production in September, after cutting output by 10 percent in late July.

"We will monitor market conditions to decide when we should resume full production," a company spokesman said, adding the industry environment appears weaker than earlier thought.

LG did not give the estimated financial impact of the reduction.

sg.news.yahoo.com