According to WitsView, large-area TFT LCD panel shipments in November plunged 24% M/M and 26% Y/Y to just 25.83 million units. Demand for LCD goods are continuing to decrease due to the economic crisis that we are going through right now. 12.1″ and larger LCD panels geared for notebook PC applications declined 28% M/M to [...]

On November 18, 2008, Corning lowered its outlook for Q4′08 and 2009 due to evaporating demand for LCD goods such as LCD monitors and LCD TVs. CFO James Flaws stated that demand for LCD glass has dropped considerably more than what the company expected just a few weeks ago. LCD panel producers have responded rather [...]

Corning announced its Q4′08 outlook and it is disappointing but not surprising. Corning expects Q4′08 revenues of US$1.2 billion to $1.3 billion with profits of 20-28 cents per share. Wall Street was expecting revenues of US$1.54 billion and profits of 42 cents per share. Quite a disparity! Corning also expects glass volume to be down [...]

During the Maxim Group Growth Conference on October 7, 2008 in New York City, Corning’s CFO James Flaws updated the company’s display glass market outlook for 2009. Flaws also announced Q3′08 glass volume shipments for the company’s wholly owned business and Samsung Corning Precision Glass (SCP). Q3′08 glass volume shipments grew 2% Q/Q, which was [...]

On September 10, 2008, LG Display announced that it will most likely not meet its initial guidance for the third quarter of 2008 (Q3′08). The main reason given is the sluggish global economic environment and the more-than-expected declines in LCD panel prices. In terms of area shipments, LG Display is expecting an increase in the [...]

LG Display, one of the largest LCD manufacturers in the world and based in South Korea, announced on September 3, 2008 that it would keep its panel production at 90% of normal for now. Demand for LCD goods have been less than expected due to various macro economic conditions. Back to full production was planned [...]

I am very tempted to simply shout out, “I told you so!” But, I won’t do that because I think Corning still doesn’t get it. Get this: “Corning said LCD TV sales remain strong in the U.S. as prices decline. But flat-panel electronics companies in Asia are cutting back on glass orders to work off [...]

Of course, Corning isn’t completely clueless, but according to some statements made by CFO Jim Flaws and CEO Wendell Weeks, Corning doesn’t seem to be taking into consideration current developments in the LCD supply chain when forecasting the rest of the year for LCD glass demand. Flaws was quite positive in his outlook for the [...]

Corning is the largest supplier of LCD glass, by a good margin. Corning has roughly 60% of the market cornered while runner up Asahi Glass Co. (AGC) has about a 20% share. During the Display Taiwan 2008 Business & Technology Forum in Taipei, Corning stated that global LCD demand will grow between 25% and 30% [...]

The Carlyle Group plans to acquire a majority stake in NH Techno Glass (NHT), a manufacturer of LCD glass substrates. NHT is a 50-50 joint venture of HOYA Corporation and Nippon Sheet Glass Co. (NSG) and was established in 1991. NHT is headquartered in Yokohama, Japan with locations in Singapore, Taiwan and South Korea. HOYA [...]