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DisplaySearch is cutting its 2011 TV shipment forecast by 3%, due to weak demand in developed...

Jul. 27, 2011 12:00 PM ETNXP Semiconductors N.V. (NXPI) StockGLW, LPL, AUO, STM, WOLF, RBCN, NXPIBy: Eric Jhonsa, SA News Editor
DisplaySearch is cutting its 2011 TV shipment forecast by 3%, due to weak demand in developed nations. This is a negative not only for LCD glass and panel makers, but also for chipmakers NXP (NASDAQ:NXPI) and STMicroelectronics (NYSE:STM). However, DisplaySearch's forecast that most TVs will ship with LED backlighting by 2014 is a positive for Cree (NASDAQ:CREE) and Rubicon (NASDAQ:RBCN).

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