LCD panel maker LG Display (LPL), which cut its 2011 capex forecast last month, is now cutting...

|About: LG Display Co., Ltd. (LPL)|By:, SA News Editor

LCD panel maker LG Display (LPL), which cut its 2011 capex forecast last month, is now cutting its 2012 forecast as well, thanks to soft PC and TV sales. Applied Materials (AMAT), which reported soft orders for its display manufacturing gear last week, can't be happy to hear LG's news. However, Wall Street seems pleased - LPL is currently up 5.8%.