Monday, June 12, 2006
overly bullish co's can be wrong often
you dont trust the gueidance,, you wait for the e's
6:21AM LG Philips LCD reduces guidance (LPL) 17.21 : Co sees area shipments to increase by a mid-teen percentage quarter-on-quarter, a decline from previous guidance of a mid-to-high twenties percentage increase, L.C.D. TV shipment growth at end of Q2 expected to be approximately 25% quarter-on-quarter, approximately 50% less than previous guidance, sees average selling price per square meter of glass at end of Q2 to decline by mid-teen percentage quarter-end on quarter-end, compared to a mid-to-high single digit decrease guided previously, sees EBITDA margin is now expected to be around 10%, decrease from the previous guidance of approximately 20%. CFO comments, "Several factors affected the global LCD industry during the second quarter. First, the industry experienced larger than expected price declines across all product categories. In addition, while mid-to-long term demand for flat screen panels remains strong, we saw weaker seasonal demand during the second quarter, which has increased our inventory to about four weeks, a higher level than anticipated"
6:21AM LG Philips LCD reduces guidance (LPL) 17.21 : Co sees area shipments to increase by a mid-teen percentage quarter-on-quarter, a decline from previous guidance of a mid-to-high twenties percentage increase, L.C.D. TV shipment growth at end of Q2 expected to be approximately 25% quarter-on-quarter, approximately 50% less than previous guidance, sees average selling price per square meter of glass at end of Q2 to decline by mid-teen percentage quarter-end on quarter-end, compared to a mid-to-high single digit decrease guided previously, sees EBITDA margin is now expected to be around 10%, decrease from the previous guidance of approximately 20%. CFO comments, "Several factors affected the global LCD industry during the second quarter. First, the industry experienced larger than expected price declines across all product categories. In addition, while mid-to-long term demand for flat screen panels remains strong, we saw weaker seasonal demand during the second quarter, which has increased our inventory to about four weeks, a higher level than anticipated"
# posted by tagthatstock @ 4:19 AM 
