June 5th, 2006
Tooting Our Horn
Barron’s Tech Trader Daily reports:
In a research note this morning, Merrill Lynch’s Steven Fox reports that according to Japan’s Ministry of Economy, Trade and Industry, production and shipments of small- and medium-sized LCD displays in April declined 13% and 18% respectively from March, while inventories rose 29%. Fox notes that April is typically weaker than March, but that this was still a worse-than-seasonal decline. The news has some negative implications for Corning (GLW - Annual Report) which provides the glass for LCD displays.
Sound familiar? It may be that you have heard it all here before - as early as April 6, 2006.
Disclosure: Author is long IShares MSCI Japan Index (EWJ) at time of publication.
Like this article? Why not try out:
Topics: Stock Market | RSS
