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Samsung readies large flat panel price falls
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Old 16th July 2004, 10:26   #1
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Default Samsung readies large flat panel price falls

GIANT KOREAN combine Samsung Electronics has acknowledged that prices for LCD monitors and TVs are way too high and has forecast sizeable price cuts in the future.

The firm reported its second quarter results in Seoul, Korea today, turning in a net profit of 3.13 trillion won on revenues of $14.97 trillion. (US$1=KRW1,165). Most of the sales were for DRAM devices, LCD panels, and on mobile phones.

The Wall Street Journal quoted a VP for Samsung's LCD business as saying notebook LCD screens may fall by 10 per cent over the next few months. But, more significantly, prices of 17-inch and 19-inch panels could be cut by 20% because demand is weak

http://www.theinquirer.net/?article=17246
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Old 16th July 2004, 15:56   #2
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Prices on TFT display should have been dropped late last year; glad to hear the news.
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