LG.Philips faces hefty Q3 loss, turnaround in doubt
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Flat-screen maker LG.Philips LCD. Co. Ltd.   is expected to report a loss for the second quarter in a row, as it struggles with weak prices and high costs for its mainstay TV panels.
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The drug company posts a wider Q3 loss than a year ago.
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Often pigeonholed as just a seller of televisions and DVD players, Royal Philips Electronics said third-quarter profit surged despite a slide into the red by its consumer electronics division.
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Profit soared at technology conglomerate Philips Electronics NV in the third quarter but sales of consumer electronics were weak and the outlook for computer chips is gloomy, the company said.
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Shares in LG.Philips LCD Co Ltd  (034220.KS) surged on Friday on market talk Japan's Matsushita  Electric Industrial was buying a stake in the South Korean flat  screen maker, but both firms poured cold water on the talk.
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Europe's top consumer electronics  group Philips cut the forecast for its closely-watched  semiconductor unit on Friday, saying it expects third quarter  sales to be flat from the second rather than rising.
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SEOUL LG.Philips LCD said Monday that third-quarter net profit fell 15 percent as prices for flat screens for televisions and computers declined.
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Europe's top consumer electronics group Philips cut the forecast for its closely watched chip unit on Friday and predicted a significant slowdown for the semiconductor industry next year.
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By Charoen Kittikanya, Bangkok Post, Thailand  Dec. 19--Philips Electronics (Thailand) expects its business to remain in  good shape next year on the back of robust double-digit growth in 2006.
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After a dismal second-quarter showing, the retailer projects a Q3 loss.
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TechWeb - The maker, LG.Philips, will also show an 84-inch LCD screen at the Consumer Electronics Show next week.
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Shares of South Korean flat screen maker  LG.Philips LCD Co. Ltd. hit a record low on Tuesday, a day  after it said it was being investigated by South Korean,  Japanese and U.S. fair trade watchdogs.
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Dutch manufacturer Philips  Electronics published fourth-quarter earnings above analysts'  estimates, but warned that the world economy made it cautious,  especially for the first half of 2005.
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Japan's Sony Corp. does not expect a  sharp recovery in the profitability of its home electronics  business during the crucial October to December quarter, citing  high costs to develop flat-panel televisions and a shrinking  market for home audio goods.
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Philips Electronics beat expectations  with strong cash flow and fourth quarter earnings in most units  and unveiled a share buyback, but warned on Thursday that the  world economy made it cautious.
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Flat screen maker LG.Philips LCD Co Ltd  reported its highest ever quarterly profit on Monday, rebounding from a year-ago loss, and predicted 2008 profitability would improve from 2007.
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Slow consumer buying weighed on third-quarter results of Philips Electronics, and the company says high inventories will continue to hit business in the fourth quarter.