For the second quarter in a row, LG.Philips is expected to report a loss. In 2005, the company produced the most large-sized LCD panels, but now losses are expected to continue into 2007. Samsung and AU Optronics have been growing during this time, while heavy depreciation and high costs have hurt LG.Philips. After an 18 percent drop in Q2, 10 percent losses are expected to be reported for Q3, a net loss of $335.8 million. Rumors abound as to a possible divestment by Philips, with Sharp and Matsushita as potential buyers of the company’s stake in the co-venture with LG.
David Thomas, CEO at Evident, is an accomplished cybersecurity entrepreneur. He has a history of introducing innovative technologies, establishing them in the market, and driving growth – with each early-stage company emerging as the market leader.