| Tech Stock News and Analysis |
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| Thursday, September 28, 2006 |
Tvia Inc., a maker of digital display processors used in flat-panel televisions, said Thursday it expects to report a sharp drop in fiscal second-quarter revenue as TV manufacturers cut production because of supply problems with liquid crystal display panels.
Tvia expects revenue in the quarter ending Sept. 30 between $300,000 and $400,000, down at least 92 percent from last year's $5.1 million.
The company expects LCD panel availability to improve in the coming period, which it anticipates will increase demand for its products.
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But Tvia also said it is "continuing to experience competitive pressure resulting from price decreases by other processor manufacturers."
The company's shares were sharply lower in early trading on Nasdaq, falling $2.11, or 60.3 percent, to $1.39. |
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