Screen glut cuts net 15% at LG.Philips
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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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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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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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Europe&#39;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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South Korea&#39;s LG Electronics Inc.  (066570.KS), the world&#39;s top DVD player maker, filed suit  against Taiwan&#39;s Quanta (2382.TW), saying the world&#39;s biggest  contract maker of laptop computers infringed on its DVD  technology.
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Dutch electronics giant Philips reported Monday that its 2007 net profit fell 22.6 percent to 4.168 billion euros (6.04 billion dollars) despite a doubling in net earnings in the fourth quarter.
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SEOUL (AFX) - LG Philips LCD Co Ltd, one of the world&#39;s leading manufacturers of thin-film-transistor liquid crystal displays (TFT-LCD), said its new sixth-generation TFT-LCD fabrication plant has started mass production of wide screens.
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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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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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Technology stocks led a tumble in  Asian shares Tuesday as a gloomy outlook from LG.Philips LCD  and record high oil prices fueled investor concerns about a  slowdown in corporate profits and global economic growth.
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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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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, Europe&#39;s largest consumer electronics company, lowered its sales forecast for its semiconductor division, representing the latest sign that the sector is suffering a slowdown after a long period of rapid growth.
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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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At the CEDIA custom electronics show in Denver, LG Electronics is showing off a new prototype high-definition video disc player that it claims will play both iHD and BD-J interactive content, and will sell for $999. Is this one, finally, at long last, for real?
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LG Electronics Inc., South Korea's largest maker of consumer appliances and a major producer of cell phone handsets, said Thursday it swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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LG.Philips LCD Co. Ltd. , the world's second-biggest maker of large liquid crystal display (LCD) panels, said on Sunday it would increase the capacity of its biggest TV panel production line by 22 percent to meet growing demand for large LCD televisions.