LG.Philips LCD lowers shipment forecast, predicts sharper price decrease

LG.Philips LCD expects its large-size panel area shipments to increase by a mid-teen percentage sequentially in the second quarter of 2006, a decline from the previous guidance of a mid-to-high twenties percentage increase. LCD TV shipment growth at the end of the second quarter is expected to be approximately 25% sequentially, approximately 50% less than previously announced expectations, the company said.

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