LCD TV Panels Enjoyed Record Quarter in Q2'07, Doubled Up on

[Dale]

AUSTIN, TEXAS, July 31, 2007-DisplaySearch, the worldwide leader in flat panel display market research and consulting, reported in its latest Quarterly PDP Module and TV Shipment and Forecast ReportandWeekly TV Flash Report that plasma and LCD TV panel sales were headed in opposite directions in Q2'07.

LCD TV panel shipments enjoyed a record quarter in Q2'07, rising 32% Q/Q and 65% Y/Y to 19.6M panels. The Q2'07 results exceeded suppliers' expectations and DisplaySearch's forecast by over 700K panels or 4%. Revenues grew 28% Q/Q and 39% Y/Y to a record $7.2B. ASPs were only down 2% Q/Q and 16% Y/Y to $369. For the first time, twice as many 40"+ LCD TV panels were shipped as 40"+ plasma panels, as shown in Figure 1. The LCD TV share of the 40"+ flat panel market rose from 42% in Q2'06 to 68% in Q2'07. This can be attributed to...

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