Pricing for television and computer screen panels in November rose for the first time in eight months as retailers geared up for what they hope will be improved sales of consumer electronics products for the 2010 holiday season.
Corning's (GLW) third-quarter profit rose 22% from a year earlier, as higher sales of the company's automotive and diesel-emission products more than offset the falling glass prices for flat-panel TVs.
Samsung Electronics shares fell 2.5% to 773,000 won each, fueling declines in other Asian technology stocks, after the company forecast its third-quarter profit will fall from the second quarter's record high.
Shipments of smaller liquid-crystal display (LCD) flat panels will surge this year, boosted by the growing popularity of smart phones and tablet-type computer devices. Meanwhile, shipments of larger LCD panels used for television sets are in a slump.