From Barron's Tech Trader Daily:
The LCD panel industry is headed for an oversupply situation in 2009, UBS analyst Sean Kim warned today. He contends a 54% capital spending hike by the industry this year is going to lead to an over-abundance of capacity in 2009.
Kim’s colleague Nikos Theodosopoulos this mornings trimmed his estimates on Corning (GLW) over the supply concerns, which he notes logically will lead to pressure on LCD glass pricing. He now sees glass prices down 10.1% next year and 10.3% in 2010; he had previously expected reductions of 8.8% next year and 9.6% in 2010....MORE