Thu, Sep 22, 2005 - Page 10 News List

Panel makers may merge


The company hinted that smaller players would exit the industry when the new industry downcycle arrives, as LCD-TVs, the force driving the industry, are becoming a commodity, experiencing ever-changing up-and-down cycles, just like computers.

Chi Mei said mergers between big and small players would ease intensive competition, but combinations between small players would hurt the distribution of resources.

"We are open to mergers [with local players] and won't rule out any possibilities," said Eddie Chen (陳彥松), chief financial officer of Chi Mei.

Still, CSFB's Wang said "it is difficult to make a deal, but [consolidation] is necessary."

Wang gave a neutral rating on AU Optronics and Chi Mei.

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