Latest in Corning

Image credit:

Corning battons down the hatches for rough LCD waters

Steven Kim

Even if the economic climate favors RPTVs for one last hurrah, things are looking grim for LCD demand -- just ask Corning, which has backed off of its previous financial guidance for the near-term future. The global economy being what it is, production from Taiwanese manufacturing plants in particular has decreased demand for the LCD glass substrates "more precipitously than expected," and similar pains are being felt at the Samsung Corning Precision Glass operation in Korea. The news gets more ominous still when the company cites uncertainty in both LCD supply chain and retail sales as reasons to decline any updated guidance for Q4 2008 or 2009. It's not all doom and gloom, of course -- this environment can play in your favor if you're in the market for a new TV.

From around the web

ear iconeye icontext filevr