LCD maker Chi Mei Optoelectronics suffers $125 million loss in Q3
Chi Mei Optoelectronics, one of the world's leading manufacturers of TFT-LCDs, is licking its wounds after announcing a staggering $125 million loss in Q3 of this year. Of course, it's not like this was difficult to see coming -- after all, those plummeting LCD prices that we consumers love so dearly have to be detested somewhere along the supply chain. At any rate, CMO's profit suffered a " three-fold decline compared to that in the same period last year," and there doesn't seem to be any end in sight for the free fall of LCD panel prices. President Ho Jau-yang asserted that the company would "review and modify its operational orientation" while "safeguarding liquidity" as it rode out the storm. We could be badly off, but we'd say the real beatings are yet to come.
[Image courtesy of GigaComputers]
