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Chi Mei Optoelectronic votes "no" to cutting LCD production


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]

Global TV shipments up 6% year-over-year to 53 million units


Open wide -- it's time for your latest dose of DisplaySearch numbers! The latest figures from the research firm have found that global TV shipments are up (imagine that, right?) 6% year-over-year and 11% from Q2 to Q3 2008. In fact, over 53 million units were shipped, though it's hard to say how many are still collecting dust in warehouses given the downturn in consumer spending. As predicted, the research points out that Q4 isn't likely to be nearly as rosy, but if we're sticking to last quarter, you should know that China had the largest quarterly gain at 15%, while North American shipments rose 12% year-over-year. We've spoon fed you the highlights, and per usual, we'll leave the nitty-gritty to the number crunchers in attendance.

[Via Digital Home, image courtesy of ZoneaUnlimted]

Sharp plans to cut LCD panel production by as much as 10%


Sharp hasn't cut production in its Kameyana plant since it began operating in 2004, but it's dangerously close to dialing things back a bit. As with practically every other flat-panel manufacturer out there, Sharp is feeling the pinch of the worldwide economic crisis, and as demand weakens for LCD TVs / LCD monitors, it's looking like now is an opportune time to slow things down. Purportedly, the company is considering scaling back production by as much as 10% from mid-December, though it is still expecting to reach sales of 11 million LCD TVs in the year ending March 2009.




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