LCDs AU Optronics (NYSE:AUO), LG Display (NYSE:LPL), Corning (NYSE:GLW) Not Much to Get Excited About

Speaking on their LCD univese, Ticonderoga Securities said there are incremental challenges for the sector as a whole, and companies they cover, like AU Optronics (NYSE:AUO), LG Display (NYSE:LPL) and Corning (NYSE:GLW) are unimpressive at this time.

Ticonderoga said, "In light of this week's Consumer Electronics Show in Las Vegas, we wanted to check the pulse of the LCD supply chain following the holidays. Overall, we found the tone incrementally more negative versus our recent China Tech Tour but we expect to hear more during CES. Given the near-term uncertainty and our expectations for meaningfully slower LCD TV growth rates in 2011, we continue to find difficult to get excited about our LCD universe, which consists of AU Optronics (NYSE: AUO)(Neutral), LG Display (NYSE: LPL)(Sell) and Corning (NYSE: GLW)(Sell)."

After an Uptick, PC Monitor Panel Prices Starting to Flatline.

"During our recent China Tech Tour, we highlighted the rise of PC monitor panel prices during October, November and expectations for a continued increase in December. However, our checks are highlighting that the panel price rise hit a ceiling during the second-half of December and have flat-lined. Also during our China Tech Tour, we highlighted another round of PC cuts across the tech supply chain. This morning, a top-three global notebook maker, Acer Group (2353 TT, NT$85.00, NR), was quoted in Bloomberg as saying that demand in 4Q10 "won't be as good as expected" versus the company's sequential revenue growth expectation of up 5-10%."

AU Optronics was trading at $10.27, down $0.10, or 1.01 percent, as of 11:45 AM EST. LG Display was trading at $17.85, losing $0.26, or 1.44 percent. Corning was at $19.06, down $0.01, or 0.05.