Shares Of LCD Makers Decline As Analyst Downgrades Corning, AU Optronics On Demand Concerns

Date: 26 February 2010
SAN FRANCISCO - Stocks of companies that make liquid-crystal-display glass used in flat-screen televisions and other devices fell Tuesday after an analyst downgraded shares of Corning Inc. and AU Optronics Corp., citing concerns that demand will decline in the coming months.

In a client note, Oppenheimer analyst Yair Reiner downgraded Corning shares to "Perform" from "Outperform" and removed a $21 price target, while lowering his rating of AU Optronics to "Underperform" from "Perform." Reiner said checks indicate that demand for LCD panels — which had risen in the last nine months — is likely to drop in the next few months.Therefore, first-quarter panel shipments might end up being the highest for the year, he said, and shipments will have to drop in the second quarter to levels that are closer to sales trends of products that incorporate them.
Read more here.

600450 Shares Of LCD Makers Decline As Analyst Downgrades Corning, AU Optronics On Demand Concerns
Date: 26 February 2010

See more news about:

Others also read

Joint study by Corning and Ford showcases the benefits of using Gorilla Glass for Automotive in windshield applications.   Random stones are one of the biggest reasons windshields need replacing.
Corning hosts second Glass Summit to inspire new thinking about emerging applications for glass.   Glass experts from Corning, academia, funding agencies, and other facets of the industry meet and discuss the future direction of glass science around the globe.
Iris™ Glass earns honors for enabling thinner displays with low-color shift - Corning Incorporated’s light-guide plate solution, Iris™ Glass, has received a 2016 Display Component of the Year award from the Society for Information Display (SID).
Corning Incorporated today announced the results of a recently delivered joint research paper with the Ford Motor Company about the damage resistance of thin, lightweight glass for automotive windshields.
Corning’s specialty glass is finding myriad new applications in industries such as retail  Corning first introduced its vision for advanced glass technologies back in 2011 with its “A Day Made of Glass” video series.
Glass Performance Days (GPD) will present a Learning Event entitled "The Art of Modern Glass Architectural Applications" on Thursday 10th March, in co-operation with The Glass Innovation Institute and alongside the Glass Window and Door Expo in Istanbul, Turkey.

Add new comment