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LG.Philips slowing down LCD production

Matt Burns
06.12.06
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LG.Philips are slowing down their LCD production "to better balance short term supply with demand." Ah, that explains it with a rather nice spin on it. In truth their overall LCD shipments are expected to be about 50% less then previously announced. They blame it on weaker then expected seasonal demands. (World Cup maybe) That doesn't look good and when it is combined with a lower selling price per unit, things are starting to look bleak for the giant LCD manufacturers. Their EBITDA was once a nice 20% but has decreased to nearly 10%. LCDs are quickly becoming very competitive as other ventures increase production, it is just natural to have some scaling back.

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