We recommend buying LG Philips LCD Co. Ltd. (NYSE: LPL @$20.50) to participate in the long-term growth of the world's LCD TV market. "LG Electronics has become the first Korea appliance maker to exceeded 200 million in combined production of TVs since it started making television sets in 1966. It just celebrated the production of the 200 millionth TV, a 42-inch PDP TV, at its Gumi plant in North Gyeongsan Province. It reached the 100-million mark in the first half of 1999. Annual production of sets had increased 1,800 times or 18 million units more than in 1966 when the firm made 9,050 sets. LG has 15 TV plants across the world, including Poland, Mexico and China, and plans to put another one in Russia into full operation in the second half of the year. Market researcher iSuppli said LG Electronics for the first time in its 40-year history in the business took the lead in the global TV market last year with a 10.2 percent share."
pcyhuang
huangcapital.com
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