Vizio Sees Growth in Flat-Panel Shipments

Vizio Inc., a supplier of low-cost flat-panel display TVs in the U.S., expects shipments of its LCD televisions to rise more than 70 percent to more than six million units this year and to remain profitable even as set prices fall at least 30 percent, the company’s chief executive said.

Corning: LCD Demand Crumbling; Guidance Too High

Things keep getting worse for Corning, as demand for large-screen LCD televisions sags in the face of a global consumer recession. The LCD glass maker this morning said it is now withdrawing the financial guidance it provided just a few weeks ago for the fourth quarter and for 2009. In a statement, CFO James Flaws said that “Panel makers, particularly those in Taiwan, have continued to reduce the utilization of their factories heading into the second half of this quarter in response to weakened retail demand for LCD televisions and desktop monitors.”

Syntax-Brillian Files Chapter 11; Shares Now Worthless

The television maker Syntax-Brillian (BRLC) this morning announced that the company has filed for protection from creditors under Chapter 11 of the federal bankruptcy code, and that its stock “will have no value” under a proposed reorganization plan.