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If Philips (PHG) Taiwan chief Edward Po is right, more pain could be in store for LED industry...

If Philips (PHG) Taiwan chief Edward Po is right, more pain could be in store for LED industry players such as CREE, RBCN, LEDS, and VECO. While expecting the LED lighting market to show 30%-40% Y/Y growth in 2011, Po expects the strong price pressure caused by oversupply to trigger a wave of industry consolidation that will start in 2012, and last for 3-4 years.
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