December 4, 2013
Global LCD TV shipments to increase 4.6% in 2014, DigiTimes reports
Global LCD TV shipments is expected to increase 4.6% to 213M units in 2014, reports DigiTimes Research. Samsung will likely be the largest vendor with 45M units as digitization in emerging markets and the 2014 FIFA World Cup in Brazil to be main sources of growth.
December 02, 2013
Morgan Stanley Downgrades 3M Company to Underweight, Lowers PT to $122.00
Nice Move for me, went short on Friday....
2:06 pm PDT, Nov 25th
Display Supplier With Apple Ties Making 4K Panels That Could Be For Future Thunderbolt Display
Apple has yet to announce a successor to its three-year-old Thunderbolt Display, despite the fact that the company is releasing a new Mac Pro by the end of the year with the ability to power up to three 4K displays at once.
A Redditor did some digging and found that a display supplier overseas with ties to Apple is currently making 4K desktop-sized panels that are designed for Thunderbolt and could very easily be put in future Apple monitors.
Taiwanese manufacturer AU Optronics (AUO) has started making 27-inch and 32-inch panels at 3840×2160 4K resolution with a 16:9 aspect ratio. “These are the first 4k (well QFHD/UHD) panels manufactured using DisplayPort signaling, which all Apple LCD displays use and is fully compatible with Thunderbolt without any additional signal processing,” according to the unnamed Redditor. AUO has made a variation of both screen sizes with the wide-gamut Adobe RGB color space, which is “likely the variation to be used by Apple.”
AUO made displays for the first iPad mini, but Apple ended the contract when second-gen iPad mini manufacturing started because AUO couldn’t meet demand in time.
While there have been no concrete reports about Apple’s plans for the Thunderbolt Display, it makes sense to at least include Thunderbolt 2, USB 3.0, and a better iSight camera. The current Thunderbolt Display is also thicker than the latest iMac, so a thinner profile is hopefully a given as well.
Apple has demonstrated that it still cares about professionals with the new Mac Pro, and only time will tell if a new display is part of the equation. With the holidays quickly approaching, the Mac Pro should be available in the coming weeks. Who wants a Thunderbolt 2 Display for Christmas too?
AUO gained 4.81 percent to end at NT$9.15 on market speculation that the flat panel maker has secured orders to supply screens for car use to Germany-based auto maker Audi...
AU Optronics Corp. (2409) and Innolux Corp. gained more than 3 percent in Taipei after HSBC Holdings Plc recommended investors buy the shares.
Au Optronics, a Taiwanese maker of thin film transistor-liquid crystal displays, increased 4.2 percent to the highest level since Nov. 7. Innolux added 3.9 percent, its second day of gains. Taiwan’s Taiex Index climbed 0.7 percent, its third day of advances.
Inventory de-stocking will end soon and investors should buy these companies now, according to HSBC in a report
This should help:
AU Optronics obtains NT$26.9bn loan
U Optronics Corpyesterday said it has sufficient capital to repay its bank loans after it obtained a new syndicated loan of NT$26.9 billion (US$911 million) last month.
AU Optronics’ comments came after the Chinese-language Commercial Times yesterday reported that the nation’s second-largest LCD panel maker was in talks with local lenders, led by Bank of Taiwan, to borrow NT$30 billion to repay some of its bank loans that are due within a year.
“The company on Oct. 25 inked agreements to borrow NT$26.9 billion in syndicated loans,” chief financial officer Andy Yang said in a statement.
As of the end of the previous quarter, AU Optronics had NT$40 billion in bank loans, with NT$70 billion in cash and equivalents, Yang told investors last month.
The company needs to pay back NT$56.8 billion within a year.
The company’s sales dropped by 4.7 percent quarter-on-quarter to NT$107.08 billion last quarter, with net profit down 37 percent sequentially to NT$2.49 billion, or earnings per share of NT$0.26.
Net debt-to-equity ratio improved to 70.3 percent last quarter, from 74.7 percent in the second quarter and 93 percent a year ago, the company said.
No good News, it seems we`re going lower.
Taiwan shares close higher, panel makers hit by poor outlook
Taiwan shares rose for the third consecutive session Monday, but the gains were limited by weak showings by Taiwan's leading flat panel makers.
The main weighted index of the Taiwan stock exchange closed up 14.34 points, or 0.17 percent, at 8,191.46 Monday on turnover of NT$65.39 billion (US$2.22 billion), after moving between 8,186.47 and 8,226.61.
Shen Chien-hung, a fund manager at Taishin Securities Investment Trust Co., said the local bourse has rebounded since last week on comments by Janet Yellen, the nominee to head the United States Federal Reserve, that she supported continued stimulus measures.
Financial stocks led the gains in trading Monday, with Cathay Financial Holding Co. closing 2.6 percent higher at NT$44.70 and Fubon Financial Holding Co. gaining 2 percent to close at N$41.70.
But the 0.99 percent rise in the financial sub-index was countered by selling pressure faced by panel makers.
Taiwan's leading panel makers AU Optronics Corp. (AUO) and Innolux Corp. fell over 3 percent following a report in the Monday edition of the Economic Daily News that said the two companies will have a total of NT$101.8 billion of debt come due next year.
AUO and Innolux told the business daily that they have enough cash to service the debt, but the report said the panel sector still faces oversupply, which could rein in product prices.
AUO fell 3.16 percent to close at NT$8.57, and Innolux dropped 3.38 percent to end at NT$10. The two companies' shares were the most traded on the local bourse Monday.
Touch panel suppliers also took a hit, with Wintek Corp. plummeting by the daily maximum decline of 7 percent to close at NT$8.98. TPK Holding Co. fell 5 percent to NT$159.50.
Rebecca Kuo, Tainan; Alex Wolfgram, DIGITIMES [Monday 18 November 2013]
Panel maker AU Optronics (AUO) hopes the National Development Fund of Taiwan's Executive Yuan can assist AUO in future funding ventures amid increasing competition in the panel market, according to company chairman Lee Kuen-yao.
Speaking at a recent conference with members of the National Development Planning committee, Lee proposed to the organization that it consider funding AUO for projects such as investing in a 8.5G line, which AUO recently constructed in China, but has yet to begin production due to financial circumstances.
The chairman emphasized that the company's financial situation continues to improve, following approximately two consecutive years of debts, and that AUO's plea has nothing to do with the company's need to repay debts in 2014, which reportedly have reached billions of Taiwan dollars.
Taiwan-based panel makers have faced challenges in recent years amid increasing panel production in China largely as a result of increased government funding as well as improved high-end technology from Japan- and Korea-based makers.
Depreciation and amortization expenses at AUO are expected to reach NT$64 billion (over US$2.16 billion) in 2013 followed by NT$59 billion in 2014.
Look at the Numbers and you will see why AUO is a good Value Play. Its hard to hit the perfect Entry-Point, but i still feel good with my 12600 Shares with Average 3.212. AUO is beaten down, because they lost Apple, but as you can read, LG & Sharp even has Production Issues with the Retina Display and Apple is short of Supply. Maybe Apple will talk to AUO again and they can soly the Production Issues, the Hike in Capex may show this Thesis.
Today AUO will rise 3-4% because Taiwan Trading... Hope this is the Beginning of a new Uptrend...
Don`t know if this is possible. But i do know that AUO can have a strong Rebound, as you can see at its Peer: Hannstar, today. Lets wait and see if AUO can find a bottom in this Area and then will go up again. But i am not so dumb to think, AUO can`t fall further - so i work with a SL and will take a Loss, even it hurts....
I have the same Thoughts...What else good caused that higher CapEx... AUO was a Supplier for Ipad Display, then they lost the Contract because of Production Issues. Apple can`t get enough Supply from LG & Sharp, so maybe they talked to AUO again. I know averaged down to 12.600,000 Shares/3,212 USD. Will take the loss with a SL in the 2.70 Area, but I hope for a Rebound.... One Apple News could spark a Comeback in Share Price.... and what about a Sharp Rebound in LCD-TV because of upcoming FIFA Championship in Brazil. Here in Germany every second Man will buy new, bigsized Ulrra HD TV..... Worldwide this would be big for AUO....
MANNHEIM, GERMANY - November 12, 2013 - Vringo, Inc. (NASDAQ: VRNG) today announced that the infringement hearing for European Patent 1,186,119, which Vringo's wholly-owned subsidiary, Vringo Germany GmbH, has asserted against ZTE Corporation and its German subsidiary ZTE Deutschland GmbH, has concluded. The Court stated that it would render its decision on December 17, 2013 at 9:00 a.m. German local time. The asserted patent is related to 3G infrastructure equipment.
Background on Vringo v. ZTE Litigation
Vringo, through its wholly-owned subsidiaries, has filed seven patent infringement cases against ZTE Corporation and its subsidiaries in four countries, and a preliminary inquiry in Spain. The asserted patents relate to wireless infrastructure and handsets, and span seven distinct patent families.
In the United Kingdom, Vringo Infrastructure filed two cases and asserted three patents in each case related to both infrastructure equipment and handsets. The first trial is expected in the second half of 2014.
In Germany, Vringo Germany GmbH asserted two patents related to infrastructure equipment. The infringement hearing for EP 1,186,119 is the subject of this press release. The infringement hearing for EP 1,212,919 relating to the infringement of ZTE 3G and 4G LTE infrastructure equipment is scheduled for the first half of 2014.
In France, Vringo Infrastructure asserted two patents related to infrastructure equipment. A scheduling hearing was held on June 25, 2013 and a trial date is forthcoming.
In Australia, Vringo Infrastructure asserted two patents related to infrastructure equipment, handsets and tablets.
In Spain, the Court notified the parties of its Ruling granting the application filed by Vringo to perform preliminary inquiries (discovery) against ZTE in Spain on the basis of the likely infringement of the Spanish part of European Patent 1,186,119. ZTE is required to deliver to Vringo discovery materials related to ZXSDR Base Stations, which Vri
and perhaps something about AOL Earnings / 10Q Filling Yesterday that caused the AM Jump...
Instead of a Bounce, AUO going lower, because of bad Guidance for Q4... Even they had the second Quarter with a Profit, after 10!!! Quarters with a loss, AUO going lower. For me Downside is still limited and UPSIDE has a lot Potential.... I added 4000 Shares @ 3.16 Today, means that i now own 11000 Shares with 3.262$ Average.
October 30, 2013
AU Optronics (NYSE: AUO) reported Q3 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $3.62 billion versus the consensus estimate of $3.67 billion.
I own now 7000 Share, Average 3.32$. Go AUO! MOVE HIGHER!
Hard to predict, but it seems that TITN has a lot of UPSIDE Potential! Very small Share Float, High Inst. Ownership, 38% Short, can only mean: One spark and TITN will explode to 20.....
Up 1$ in only 3 Trading Days after my Recommendation... But still only the Beginning, more to come... told you.... BUY
Looking good... above MA50, Bollinger Band Breakout.... 16.95... more to come....