The big picture
Lots more capacity means lower prices for flat screens
EVERYONE expects the market to be huge. Yet an initial public offering this week by LG Philips was scaled down because of investor worries. The joint venture between South Korea's LG Electronics and Philips of the Netherlands is the world's second-biggest manufacturer of liquid crystal displays (LCDs), which are set to become as ubiquitous in electronic products as the microchip. And therein lies the problem: like chipmaking, LCDs could become another roller-coaster industry.
This article appeared in the Business section of the print edition under the headline “The big picture”
From the July 24th 2004 edition
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