Chi Mei Optoelectronic votes "no" to cutting LCD production

by Darren Murph posted Nov 28th 2008 at 10:03AM

With practically every other flat-panel maker out there cutting back production like it's going out of style, it's no shock that rumors were a-flowin' that LCD maker Chi Mei Optoelectronic would soon be following suit. After suffering a $125 million loss in Q3 and facing a grim Q4, the outfit has proudly proclaimed that it has zero intentions of shutting down factories or otherwise lowering production in order to counter the slump. 'Course, CMO did trim output by around 20% last quarter, but in an official filing with the Taiwan Stock Exchange, it clearly stated that it currently had "no plans to close factories as reported by the media." So, what exactly is it doing? Encouraging employees to take unpaid vacations. Interesting.

[Image courtesy of UberGizmo]

Filed under: Industry, Displays, LCD

Tags: business, Chi Mei, Chi Mei Optoelectronics, ChiMei, ChiMeiOptoelectronics, CMO, economy, flat-panels, industry, production

Subscribe to these comments

Reader Comments (Page 1 of 1)

Neutral

GhostDoggy @ Nov 28th 2008 3:31PM

What named brand products does glass from this company go into?

Ignition and Marvelous have a Deadly Premonition EEDAR predicts Nintendo dominance, weak GTA and Brutal Legend performance in October sales PSA: Modern Warfare 2 won't unlock on Steam until Friday	How do you download torrentless torrents? Use Magnetiser for Firefox Phytrix: a Tetris-Meets-Match-3 Time Waster Tutorial9 offering free icon sets, Wordpress and Tumblr themes
Dangerously driving a car with an iPhone MobileMe mail offline for 'some users'... again Apple poised to take over the (tech) world	Electronic Arts not popular with investors after Q2 report IEA: Global energy use to resume an upward trend Chasing Value: 2009 blazing picks -- Q3 review
Reminder: Left 4 Dead demo now available 4 all Games on Demand has a high-price Monopoly Xbox 360 Fancast 142 -- ODSB	BMW defies logic with six-cylinder Concept 6 motorcycle Renault-Nissan vows to build world's cheapest car? Nano-nah-nah-nah-nah! VIDEO: Top Gear Season 14 returns this Sunday
GoG.com adds Sanitarium to game line up ESA founder gets Lifetime Achievement Award from AIAS Child's Play 2009 charity fund drive begins	NFL Power Rankings, Week 10: The Ugly Side of Parity Bernard Pollard Accuses Chiefs of Trying To Have Him Blackballed Brian Westbrook's Ankle Injury Flares Up