By 2008 we expect flat panel models to account for 84 per cent of TV shipment value. |
In our view, although this capital increase is necessary in the short term, it means that existing shareholder value will eventually be substantially diluted. |
The increase in the combined market share with Nokia would be a positive in our view. |
We still see no prospect of a return to net profits. |
We think that slower than planned progress in developing the graphics chip, or a lack of software titles, is probably the main reason for the delayed launch. |
While growth in sales of mobile devices are likely to slow, we expect TV sales to increase by more than 20 percent year on year, driving overall demand in 2006. |