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LG Display Co., Ltd. (LPL)

  • May 3, 2012, 6:48 PM
    LG Display (LPL -6.1%) fell hard after prosecutors raided the company's offices for information to determine if it illegally obtained OLED display technology from employees of OLED market leader Samsung. Volatile Universal Display (PANL -7%), which licenses its OLED technology and sells display materials to LG, also fell. National Securities is staying bullish on PANL, but thinks the raid could push back LG's May OLED TV launch.
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  • May 1, 2012, 3:08 AM
    LG Display (LPL) reached a settlement with eight U.S. states and consumers over claims it colluded with other LCD makers to fix prices. Terms of the settlement weren't disclosed.
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  • Apr. 13, 2012, 10:29 AM
    As the new iPad stokes consumer interest in high-res displays, Intel (INTC) predicts such displays will be common by 2013 not only on mobile devices, but also on ultrabooks, 15" notebooks, and all-in-one desktops, in part thanks to the graphics resizing abilities of Windows 8. Companies selling CPUs (Intel, AMD), graphics processors (AMD, NVDA), and display panels (AUO, LPL) all have an interest in seeing high-res displays proliferate. (also)
  • Mar. 27, 2012, 5:45 PM
    As a greater chunk of consumer electronics spending goes to mobile devices, TVs are looking like a big casualty. Even with prices continuing to drop, IHS expects U.S. flat-panel TV shipments to fall 5% Y/Y in 2012 to 37.1M units - the first decline in the market's history. Moreover, sales are expected to keep falling over the next 3 years. The fact TV demand in developed nations may have peaked will have major implications for names such as GLW, AUO, LPL, and STM.
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  • Mar. 16, 2012, 5:09 PM
    "Apple has just ushered in the era of the super high-resolution computer display," says James Kendrick, predicting rivals will be forced to match the new iPad's much-praised (I, II) display. Both LCD panel makers such as AUO and LPL, and graphics chip vendors such NVDA and AMD, would benefit if high-res displays proliferate. Meanwhile, Gene Munster estimates 54% of the people waiting in line at Apple's flagship Manhattan store were first-time iPad buyers. (more)
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  • Mar. 14, 2012, 3:23 AM
    LG Display (LPL) is supplying touch-screen panels for Apple's new iPad, sources say, countering earlier reports that Samsung (SSNLF.PK) was the sole supplier.
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  • Mar. 13, 2012, 10:24 AM
    Himax Technologies (HIMX) and other LCD driver chip developers are seeing order visibility improve, thanks to rising demand ahead of new mobile device launches. Consider this another positive datapoint (previously) for LCD industry players such as AU Optronics (AUO), LG Display (LPL), and Corning (GLW), following a dismal 2011. Separately, AU says it will hire 2,500 engineers for its LCD and solar operations.
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  • Mar. 8, 2012, 1:40 PM
    AU Optronics (AUO +2.1%) follows the tech sector higher after reporting February sales of $948M - up 29% M/M and 3% Y/Y, and further evidence of improving conditions for the LCD panel market. Strong shipment growth was seen for both large and small panels. Also rallying are rival LG Display (LPL +2.6%) and LCD glass supplier Corning (GLW +2.1% - previously).
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  • Mar. 2, 2012, 2:28 PM
    TSMC (TSM) continues to see booming orders for chips relying on cutting-edge manufacturing processes, claims Digitimes, thanks to demand from wireless chipmakers such as QCOM and BRCM. It's also claimed TSMC is seeing orders pick up for analog, LCD driver, and audio processing chips using older processes - that could indirectly be a positive for LCD panel makers AUO and LPL.
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  • Feb. 29, 2012, 2:37 PM
    Corning (GLW -2.2%) trades lower after Morgan Stanley reiterates an Underwight, noting downbeat remarks made by CFO James Flaws at a conference. Flaws mentioned his company's Samsung Corning JV (SCP) has chosen not to match a price cut from rival Nippon Electric, and has thus lost share at customer LG Display (LPL). As a result, SCP is now expected to see a "low-double-digit" shipment decline. (previously)
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  • Feb. 24, 2012, 6:50 PM
    AU Optronics (AUO +5.1%) and LG Display (LPL +2%) rallied after AUO's president said prices for some LCD panels have risen recently due to tight capacity for advanced "7.5G" manufacturing lines, positive news for an industry that saw prices crash last summer and fall. He added AUO will focus on "new technologies" (are OLEDs among them?) to mitigate the impact of new Chinese capacity.
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  • Feb. 7, 2012, 2:20 PM
    After crashing in prior months, prices for large LCD panels declined only slightly in November and December, claims IHS. An 800 bps Y/Y drop in factory utilization rates to 78% helped stabilize prices, as did strong holiday TV sales. Panel makers AU Optronics (AUO) and LG Display (LPL) have rallied strongly on optimism regarding panel prices, though the arrival of new capacity could lead to additional pressure.
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  • Feb. 7, 2012, 9:00 AM
    Premarket gainers: CSTR +19%. CVM +11%. SPF +10%. SHPGY +5%. S +5%. AMLN +4%. NBG +4%. PRGO +3%. HGSI +3%. CLF +3%. CHU +3%.
    Losers: NSU -22%. CFX -10%. ASTX -10%. BPAX -6%. LPL -5%. THLD -5%. SBH -4%. ALU -4%. ZOLT -4%. FRO -3%. VHPM -3%. CTIC -3%.
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  • Jan. 27, 2012, 5:05 PM
    LG Display (LPL +4.3%) closed higher after delivering an encouraging Q4 report. While LG's $129.3M operating loss was slightly below consensus, revenue of $589M was slightly better. More importantly, LG, which has struggled to cope with weak TV sales, says it sees display panel prices holding steady in Q1, and expects to turn profitable in Q2. iPhone, iPad, and 3D TV panel shipments are expected to give LG a boost. (transcript)
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  • Jan. 13, 2012, 11:54 AM
    DisplaySearch expects shipments of 9.7-inch display panels for iPads (a rough proxy for an estimate of actual iPad production) will rise 35% Y/Y in 2012, to 65M units. This should be doubly positive for expected iPad 3 display suppliers LG Display (LPL), Samsung (SSNLF.PK), and Sharp (SHCAY.PK), given Apple's (AAPL) reported plans to use costlier, higher-resolution display panels.
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  • Jan. 10, 2012, 10:31 AM
    Taiwanese display panel maker AU Optronics (AUO +8.7%), hit hard in 2011 by TV industry weakness, is rallying after reporting December sales of NT$27.7B ($925.2M). While the figure represents a 9.4% M/M and Y/Y drop, it was better than expected, and backs up positive comments made by AU's chairman in December. Rival LG Display (LPL +4.8%) is also up strongly.
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Company Description
LG Display Co Ltd provides thin-film transistor liquid crystal display, or TFT-LCD, technology and other display panel technologies, including OLED technology. It manufactures TFT-LCD panels for use in televisions, notebook computers, and desktop.
Sector: Technology
Country: Korea