LCD TV glass piles up as World Cup looms

WAREHOUSES are piling up with TFT-LCD panels as vendors pin their hopes on millions of people buying LCD TVs to watch their soccer team being beat when the World Cup starts.

American TFT glass giant Corning has warned the second quarter of this year will show flat growth to less than five per cent.

That, according to the Taiwan Economic News, means "bulging inventories" at the flat panel makers, which find themselves in something of an oversupply situation.

If you can stand watching England versus Hungary on a TV that isn't an LCD TV, this could spell happy times ahead in the second half of the year as the manufacturers cut, cut and cut prices again to shift all that stock.

Flag manufacturers are currently making hay while the sun shines here in Old Blighty, with car drivers flying multiple instances of the flag of St George on their bonnets and their windows. µ