Ah, how quickly things can change in this volatile, volatile world. At the tail-end of June, Samsung seemed
pretty adamant that it would be keeping its flat-panel production lines humming along as usual. Enter a tiny factor called the worldwide credit crisis, and that plan begins to look terrible. In an effort to "cope with
excess inventory amid lackluster demand from global markets," Sammy has decided to lower its panel output by about 5% (which it has been doing since August, actually), though it is keeping a close eye on demand in case it needs to ramp back up in short order. Whatever happens, we're just hoping for
lower prices for consumers come Black Friday (and beyond).
Reader Comments (Page 1 of 1)
Multi-format-mayhem @ Oct 16th 2008 11:41AM
Sadly the partys over and this is just another symptom of that truth.
Stock markets have dived in the last 2 weeks (by a huge 20%+ loss in values), even oil dropping to less than $70/barrel today isn't anything other than a sign that the markets know a major & severe economic contraction is about to hit.
It's going to hurt a lot of people I'm sorry to say too.
The 'head-in-the-sand' gang can choose to ignore this or call it baselss speculation but you've got to have been pretty blind & deaf not to get the message that's been coming out loud and clear for the last 2 weeks
(and those who watch this stuff have seen this coming for months and some - bearing in mind the unsustainable rise in credit & the idiotic expectation that cheap credit would always be around - even longer).
Hooterman @ Oct 16th 2008 12:04PM
Seriously, why do you choose a tech blog to continuously keep posting economy news in post after post?
WE GET IT!!
Multi-format-mayhem @ Oct 16th 2008 1:09PM
Maybe you might have noticed that this news was about economics and therefore a comment regarding the current economic situation was appropriate & pertinent to the subject?
You might also have noticed some around here are in total denial about what is going on too.
Too advanced for you?
jtg @ Oct 16th 2008 2:20PM
I work at best buy in northern wisconsin and we can't keep samsung's ToC series in stock to save our lives....we move about 5 lcd's and 3-4 plasmas per day.