LG.Philips hits record, 2008 outlook bright
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Flat screen maker LG.Philips LCD Co Ltd  reported its highest ever quarterly profit on Monday and predicted even better profits for 2008, but voiced concerns over a potential return to oversupply in early 2009.
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Philips Electronics (NYSE: PHG) is covering all the bases in optical storage technology with a PC drive that that reads and writes CD, DVD and next-generation Blu-ray high-definition television disks.
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(InfoWorld) - LG Electronics Inc. officially opened a large-scale electronics and electrical equipment manufacturing complex near Moscow on Tuesday. The South Korean company invested US$150 million in the complex, which will turn out 500,000 digital TVs, 700,000 washing machines, 200,000 refrigerators and 260,000 home theater systems annually, according to LG's plans. Further plans call for production of each product to rise to 1 million units annually by 2008. The complex is located in Ruza, which is west of Moscow and near to the E30 highway that runs from Moscow through eastern Europe to Germany. LG, which claims a leading market share in Russia for several products including TVs, audio equipment, vacuum cleaners, microwave ovens, video components, DVDs and optical storage, is hoping the new complex will help it expand business in Russia and eastern Europe. The company also operates factories in Poland that produce digital TVs and refrigerators. In June, LG.Philips LCD Co. Ltd. began construction of a factory in Wroclaw, Poland. The plant will take LCD (liquid crystal display) panels produced at a factory in South Korea and add additional components, including backlights and driver chips, to produce a finished LCD module. The finished modules will then be ready to be combined with other components such as tuners, power supplies and cases to form finished televisions. The LCD module plant is scheduled to begin mass production in March next year. The modules will be used in flat-panel TVs for the European market. REFERENCES: LG.Philips breaks ground on LCD module plant in Poland, Jun. 15, 2006
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Tech stocks such as flat-screen maker  LG.Philips drove Asian markets higher on Monday, while optimism  about the Japanese economy lifted Tokyo shares and kept the yen  at a five-year high against the dollar.
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The world's number two LCD screen maker, LG Philips, sees profits slump as rising demand for flat screens is met with a production glut.
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Flat screen maker LG Philips sees its shares fall to a record low after three countries run price fixing probes.
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Dutch electronic's giant Philips said Monday it had raised 980 million euros (1.45 billion dollars) from the sale of 800 million shares in the world's largest chip foundry, Taiwan Semiconductor Manufacturing Company (TSMC).
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Shares of South Korean LCD screen panel maker LG.Philips LCD Co. Ltd.   fell nearly 8 percent to a record low on Tuesday on news that three countries are investigating claims it fixed prices.
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LG.Philips LCD (nyse: LPL - news - people ) issued its first earnings announcement since a $1 billion initial public offering in July, and the news is not dazzlingly.
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Investor's Business Daily - Philips Electronics  , Samsung and Sony   are among the big companies at this week's Consumer Electronics Show showing off products like HDTVs and mobile phones that emphasize style and elegance as differentiators.
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Revenues at the U.S. unit of LG Electronics Inc.  rose 39 percent in the first half, and North American sales are expected to top $10 billion this year, fueled by demand for mobile phones, flat-screen displays and appliances, it said on Thursday.
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LG Electronics Inc., South Korea's biggest maker of home appliances, said Tuesday its third-quarter net profits rose more than 30 percent on brisk sales of mobile phones.
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The consumer electronics retailer continues to produce strong results.
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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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South Korean flat screen maker LG.Philips  LCD Co Ltd  said on Tuesday it was planning to  change its name to LG Display Co Ltd, pending approval at its  annual shareholder meeting on February 29.
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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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LG.Philips LCD, the world&#39;s second-largest liquid crystal display (LCD) maker, said Tuesday that it has developed the world&#39;s biggest active-matrix (AM) organic light emitting diode (OLED) display