Over 500 members on the SOYO Investors' Group website. I think it was about 475 a week or so ago. I like Craig's market updates and it looks like other investors do to. Here is the latest (part 1)
Dear SOYO Shareholders and Investors,
In the past 7 days, we have had a lot of activity SOYO Investors' Group website, including: 32 New Members; 17 new messages; 4 new information documents; and 3 new photos. Please visit us at http://finance.groups.yahoo.com/group/SOYO_IR/
If you have any questions about SOYO or any of my posts, please post them on the SOYO Investors' Group Message Board or contact me (Craig Bird) at CHBird@Segue.biz or phone (215) 301-9794.
On Tuesday, the Dow Jones industrials fell 243 points, or 2.72 percent, but the Nasdaq composite index fell a more moderate 1.55 percent as investors decided to buy some hard-hit technology names. The Dow Jones industrial average fell 242.85, or 2.72 percent, to 8,691.33 after logging a gain 560 points over Friday and Monday. Broader stock indicators also declined. The Standard & Poor's 500 index fell 21.03, or 2.31 percent, to 888.67. The Russell 2000 index of smaller companies fell 15.67, or 3.26 percent, to 465.71.
Consumer Electronics News & Comments:
The Black Friday and 2009 Guidance Webinar by DisplaySearch and NPD Group was very interesting. I intend to write a report on it over the weekend. Suffice to say that, in my opinion, the worst news is relative to previous forecasts and expectations, not actual sales. However, pricing for manufactures, especially the large cap companies, is a serious problem. SOYO was the only micro-cap company to receive special recognition in the presentation. It was for Office Max' promotion of SOYO's 19" SXGQ computer monitor.
The best place to find pertinent information on SOYO and the CE market is http://finance.groups.yahoo.com/group/SOYO_IR/
I like to read the news, DD and market updates. I can view pictures of SOYO events, analyst reports and earnings call prepared remarks. Its a very useful website.
I am waiting for SOYO's bankruptcy so I can buy the company for $1
After a year of recession and months of your ranting, I'm still waiting.
After climbing 37% in two weeks, you can't even bash SOYO down 8 pennies? Not 7 cents? What is the matter with you bashers? idiots!
Market Update - Part 2
SOYO Tracking Stocks Results:
A lot more negative news coming out of our tracking stocks, which is something I have been posting in recent weeks. First, AU Optronics (AUO) is a flat-panel maker. The flat panel is the most expensive component in monitors, TVs, etc. In almost every instance, when flat-panel prices go down, it is good for SOYO's business.
TAIPEI (Dow Jones)--AU Optronics Corp. (AUO), Taiwan's largest flat-panel maker by revenue, said Monday it cut its forecasts for fourth-quarter shipments, pricing and factory utilization due to weakening industrial conditions. AU Optronics expects large-panel shipments for the three months ending December to be down nearly 30% compared with the third quarter. It had previously expected shipments to be down by a mid-to-high single-digit percentage. It said it expects the average selling price for large panels to be down 25% from the previous quarter. AU Optronics expects shipments of its small and medium-sized panels to be down 25% in the fourth quarter compared with the third quarter. It had earlier expected shipments for this segment to be down by a mid-teen percentage from the previous quarter. AU will also cut its fourth-quarter factory utilization rate to around 60% from the previous target of 70%, the company said.
LG Display is another flat-panel maker. Note that in addition to the decline in prices, they are having inventory control problems, which is something I mentioned in previous reports. Most of SOYO's flat-panels come from LG Display. These are excellent products, which are getting very inexpensive. Keep in mind that the decrease in sales is based on previous forward-looking projections, not compared to 2007.
Craig's Market Update - Part 3
LG Display Cuts 4Q Guidance on LCD Price Declines
SEOUL (Dow Jones)--South Korea's LG Display Co. (034220.SE) Wednesday lowered its guidance for fourth-quarter earnings, citing a sharp decline in flat-panel prices amid the global economic slowdown. "Due to the demand slowdown resulting from the global economic recession...we have been adjusting the utilization rate with the principle of responding flexibly to market situations. We'll continue with such efforts to maintain healthy inventory levels," Chief Financial Officer James Jeong said in a statement.
Craig's note: It appears to me that this is purely reactionary. LG and other panel-makers were caught flat footed by the recession and current buyers, like SOYO, are the beneficiaries. By reducing inventories in 3rd quarter, SOYO can now build cheaper flat-panel products, thereby keeping their margins higher. I believe that large TV manufacturers are still trying to reduce inventories and losing money in the process. Now, back to the news release -
Its factory utilization rate in the fourth quarter will be about 80%, lower than about 90% in the third quarter, said a company spokesman. LG Display, the world's second-largest LCD maker by sales after Samsung Electronics Co., expects fourth-quarter earnings before interest, taxes, depreciation and amortization margin to be in a low- to mid-teens percentage, down from an earlier forecast of a low-20s percentage. In October, the company said its third-quarter net profit fell 44% on year to KRW295 billion due to a sharp decline in flat-panel prices amid weak demand. Analysts have said the company's profitability will likely worsen in coming quarters on a steeper-than-expected fall in panel prices and languishing demand for large LCD TVs at a time of a prolonged global economic slowdown. LG Display now expects a low single-digit percentage rise in liquid crystal display panel shipments in the fourth quarter from the third quarter. It had expected a low-to-mid teens percentage rise in the fourth quarter. Sale prices will see an average low-20s percentage decline on quarter, down from the company's earlier guidance of a high single-digit percentage decline. "Despite the challenging market environment, we'll further strengthen our customer base and cost competitiveness, thus enhancing our market position," said Jeong.
Sony (SNE) is cutting 16,000 jobs and changing its business model to reduce its presence in the consumer electronics market. Use this link to access the report. http://www.reuters.com/article/marketsNews/idINT1840120081210?rpc=44