Twin news items from TWICE this morning:
TWICE: Falling Prices Still Threaten Flat-Panel Health
San Diego — Rampant price and margin compression in the flat-panel TV industry resulted from a variety of factors, including reaction to heavy price promotion from warehouse clubs, manufacturers going off MAP programs for key periods and a dramatic oversupply in the second half of 2006
TWICE: Retailers Seek End To Flat-Panel ‘Land Grab’
San Dieog — A panel of mostly specialty consumer electronics retail representatives speaking at the ninth annual DisplaySearch Flat Panel Display Conference here March 6 likened the heavy TV promotions in the last months of 2006 and early 2007 to “a land grab” that turned selling entertainment experience into selling spec sheets.
Dave Workman, executive director of the PRO Group, said what went wrong in the fourth quarter of 2006 was the fault of retailers and manufacturers “acting as if this was the last year they were ever going to sell flat-panel displays.”
This will only end in tears, I can assure you.
Wednesday, March 07, 2007
Apparently the flat-panel bloodbath isn't over
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