The Korean based LG.Philips (World's number 2) display manufacturer posts better numbers than expected.
The company still reported a loss, but it is smaller than expected. In Q2 the company expects to break-even. Q3 is supposed to be a turning point for the LCD panel market where prices are supposed to rise as a shortage of TV and notebook panels is expected.LG.Philips plans to cut more costs to continue to outrun falling display prices.
More financial details are available in this LG.Philips Press-release and on Reuters.
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