Financial firms downgrade AUO and CMO

Maggie Chen, Taipei; Carrie Yu, DIGITIMES Asia Thursday 29 July 2004 0

Financial firms, including Goldman Sachs and BNP Paribas Peregrine, recently downgraded the ratings of AU Optronics (AUO) and Chi Mei Optoelectronics (CMO) due to persisting over-supply of TFT LCD panels, decreasing panel prices and weakening profitability...

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