Summary
How did Corning (NYSE: GLW) push for its valuation over the year? What did Corning claim to be outstanding for Q2, Q3 and Q4 of 2008? How did Corning influence and then surprise financial analysts?
Analysis
LG Display (LGD) has announced a nearly 50% cut in capital expenditure through 2009, followed by CMO and AUO for 10% in production cut. What does it mean to LCD TV supply?
Christmas holidays will bring LCD TV business in size ranging from 29 inch, 32 inch up to 42 inch. The large-sized LCD TV will lose selling momentum against the earlier expectation that has led to Gen 9 and Gen 10 of capacity expansion. LGD has faced a tough situation in driving lower-cost solution and taking the global leadership.
Vertical integration as part of global strategy in the LCD panel industry should be more obvious over the next two years as manufacturing cost and customer tie are the key decisive factors.
Corning is selling area of glass rather than counting number of pieces sold. Losing a battle ground for large-sized LCD TV can mean a broken leg.
