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Corning predicts LCD TV sales will remain strong
 Corning predicts LCD TV sales will remain strong 7/14/2008 Corning is predicting that the 2008 global LCD glass market will grow at the upper end of its original 25 percent to 30 percent year-over-year estimate. "So far this year, we are not seeing evidence of the economic downturn impacting our forecasted growth," said James B. Flaws, Corning vice chairman and CFO. As evidence, Flaw said U.S. LCD TV sales this May had increased nearly 50 percent over a year ago. Flaw said the firm’s view is supported by third-party sources such as The NPD Group, an independent consumer market research firm. “We cannot guarantee that retail sales will remain resistant to economic pressures,” Flaw stated. “However, the strength of TV sales to date is consistent with consumers' behavior during the last three recessions." Flaw said the strength of reported LCD TV sales through the first five months of 2008 led the firm to believe that the worldwide market would reach 105 million units. << Back to News Join our online discussion forum and comment on this article!
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