Sharp visits LG.Philips as Philips seeks buyer: report
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High-level executives from Japan's Sharp  Corp. (6753.T) traveled to South Korea last week to visit  LG.Philips LCD Co. Ltd. (034220.KS), as Philips  seeks  a buyer for its 32.9 percent stake in the Korean LCD firm,  Taiwan media reported on Friday.
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(InfoWorld) - An investigation into possible anticompetitive behavior in the flat-panel display market widened Tuesday, with four more big vendors saying they had been contacted by investigators. Samsung ElectronicsÂ said it had been served with subpoenas by regulators in the U.S., South Korea, and Japan, while Sharp and Taiwan's AU Optronics were contacted by the Japan Fair Trade Commission and the U.S. Department of Justice (DOJ), they said. Taiwan's Chi Mei Optoelectronics said a subsidiary in the U.S. was also contacted by the DOJ. The investigation came to light Monday when LG.Philips LCD Co.Â revealed that it had been subpoenaedÂ by regulators in the U.S., South Korea, and Japan. The probe centers on TFT (thin-film transistor) LCDs, according to Samsung. They are used in a wide range of electronics products including flat-panel televisions and computer monitors, laptop computers, cell phones, and digital music players. The three companies being investigated are among the largest manufacturers of such displays. The investigation comes on the heels of anticompetition probes in the DRAM (dynamic RAM) andÂ SRAM (static RAM) markets. The DRAM investigationÂ focussed on price-fixing, which is when vendors cooperate to set prices artificially. Sharp Spokeswoman Miyuki Nakayama said the company was surprised to have received the summons. Sharp has a policy of "fair and ethical management," she said. Cho Sung In, a spokeswoman for Samsung in Seoul, said: "Samsung Electronics is strongly committed to fair competition and ethical practices and forbids anti-competitive behavior." Among other LCD manufacturers, Sony said its joint-venture with Samsung, S-LCD, had not been contacted by the investigators. Shares in LG.Philips dropped 4 percent Tuesday, while Samsung's closed down two-thirds of a percent. The general market, as measured by the Kospi index, fell 1 percent. Sharp waited until after the market had closed to announce it had been contacted. Its shares rose 2 percent Tuesday. In the DRAM investigation, Market leaders Samsung andÂ Hynix Semiconductor pled guiltyÂ in 2005 to price-fixing and receivedÂ fines of $300 millionÂ and $185 million, respectively. Japan'sÂ Elpida Memory had to pay $84 millionÂ and Germany'sÂ Infineon Technologies paid a $160 million fine. In October several manufacturers of SRAM chips said they had been subpoenaed by the U.S. Department of Justice (DOJ) although they did not disclose the nature of the DOJ's requests. The companies were Cypress Semiconductor and the U.S. units of Mitsubishi Electric, Samsung Electronics, Sony, and Toshiba. Â ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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com October 20, 2004, 12:39 PM PT. Sharp Electronics is ceasing development of its Linux-based handheld devices for US consumers--the latest maker to wash its hands of the once-popular retail market.
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Sharp and Toshiba, two proponents of LCD TV technology, to collaborate, the companies announced on Friday.
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Japan's Sharp Corp. 6753.T said on   Tuesday it may need to consider bringing forward a capacity   expansion plan for its latest LCD panel plant in Kameyama,   western Japan.
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By Kyodo News International, Tokyo  Sep. 19--OSAKA -- Sharp Corp. on Tuesday gave the media a preview of its  new factory for giant liquid crystal displays, seeking to seize a bigger share  in the overseas TV market with products equipped with LCDs made at the  state-of-the-art plant.
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Europe&#39;s top consumer electronics group Philips cut the sales forecast Friday for its closely-watched chip unit and predicted much slower growth for the semiconductor industry next year.
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Philips plans to buy U.S. home medical equipment maker Respironics Inc for $5.1 billion, its largest deal to date in an aggressive expansion in the fast-growing healthcare sector.
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Sharp Corp. 6753.T said on Thursday it   would globally offer six new liquid crystal display (LCD) TVs   toward the year-end shopping season, stoking white-hot   competition further in the $45 billion LCD TV market.
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Shares in Asian liquid crystal display makers sank Tuesday after LG.Philips LCD, the industry&#39;s number two, reported a surprisingly large fall in profits and warned of a further slide in flat-screen prices.
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Flat-screen maker LG.Philips LCD Co. Ltd.  (034220.KS) reported a record quarterly loss on Tuesday, hit by  crumbling panel prices, and forecast a meaningful recovery only  in the fourth quarter.
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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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LONDON (CBS.MW) - Philips Electronics, the largest consumer electronics maker in Europe, on Tuesday cautioned it expects flat sales in its semiconductor business in the fourth quarter and is seeing ongoing margin pressure in consumer electronics.
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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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The Japanese electronics maker Sharp Corporation will buy about $357 million worth of new shares from the Pioneer Corporation to form an alliance and jointly develop DVD players, car electronics and displays.
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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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A probe into price fixing of LCD displays is expanding, according to press reports on Tuesday. Three countries are investigating the actions of companies that include: LG.Philips, Samsung, Sharp, and a joint venture between Seiko Epson and Sharp.