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Taiwan panel maker posts lower Q1 net loss

Posted: 04 May 2006 ?? ?Print Version ?Bookmark and Share

Keywords:HannStar Display? TFT-LCD? display?

HannStar Display Corp., a manufacturer of TFT-LCD products for notebook computer displays and desktop computer monitors, reported a lower net loss of $3.9 million for Q1 2006, from a net loss of $40 million the previous quarter. The Taiwan-based panel maker said its inventory turnover days also increased from 44 days to 34 days due to weak demand for notebook panels. Meanwhile, inventory turnover for monitor panels remained stable.

HannStar disclosed that average selling price for it panels decreased from $163 to $156 last quarter. The company's shipment of 15-inch and larger panels reached 3.19 million units, slightly down by 1.25 percent from the 3.23 million units the previous quarter.

HannStar's 19 inch and larger panels contributed 77 percent to its overall sales last quarter, up by 65 percent. HannStar President David Joe said the company expects this segment's sales share to increase to 80 percent this quarter. HannStar also plans to further reduce production costs by 5 percent to 10 percent this quarter, after a 6 percent cost-cut at its 3G and 5G LCD facilities.

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