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AU Optronics Chairman: To Focus On Growing In Emerging Markets Other Than China

TAIPEI -(Dow Jones)- Taiwanese liquid-crystal-display maker AU Optronics Corp. (AUO) will focus on expanding in emerging markets, but not in China, where the display market is "near saturation," while demand in the U.S. and Europe is still weak, Chairman K. Y. Lee said Friday. Lee said at a shareholder meeting AU Optronics would focus on expanding in Brazil, India, Indonesia and Latin America, and the executive also said for the first time that Apple Inc. is one of the firm's customers. Global panel prices hit bottom in the first quarter, he said. He also said tablet personal computers running on Microsoft Corp.'s (MSFT) Windows 8 software would focus on corporate users and likely have screens larger than Apple Inc.'s iPads. At the same news conference, AU Optronics Executive Vice President Paul Peng said the company planned to take one to two years to shift its production to making more products with higher average selling prices, whicj will likely boost revenue. -By Lorraine Luk, Dow Jones Newswires; 886-2-25022557; aries.poon@dowjones.com

Stock News for Au Optronics (AUO)
DateTimeHeadline
04/29/201322:00:10Another AU Optronics Executive Jailed in U.S.
04/29/201321:42:39Another AU Optronics Executive Jailed in US for Price Fixing
12/19/201222:11:14US Jury Finds AU Optronics Executive Guilty of Price Fixing
12/04/201216:22:08Hewlett-Packard Sues Chunghwa, Tatung, Alleging LCD Screen Price-Fixing...
10/16/201216:53:43ADR Report: Shares Rise Amid Spain Hopes
10/03/201204:00:08Apple Begins Mass-Producing Smaller Tablets
10/03/201203:52:05Apple Suppliers Now Mass-Producing Tablets Smaller Than Existing...
09/20/201220:26:07AU Optronics: Will Book US$223 Million Additional Provision for...
09/20/201217:01:08ADR Report: Shares End Lower Amid Weak European, Asian Economic...
09/13/201200:20:52AU Optronics Faces $1 Billion U.S. Fine Over Price Fixing
09/12/201223:51:35AU Optronics: US Seeks US$1 Billion Fine From Firm Over Price...
09/12/201210:10:16U.S. Seeks $1 Billion Price-Fixing Fine for AU Optronics
07/04/201210:01:06SUBSCRIBERS: Apple Asian Mass Production Plans Already Reported
07/04/201208:59:21Apple Asia Suppliers Prepare Mass Production of Smaller Tablet...
06/14/201217:11:13ADR Report: Shares Higher on Chatter Ahead of Greek Election
03/13/201221:55:23AU Optronics Says To Appeal U.S. Price-Fixing Guilty Verdict
03/09/201217:10:47ADR Report: Shares Lower As Financials Fall
06/27/201122:02:24AU Optronics: Suing Samsung, Its Customers On LCD Patent Infringement
06/09/201123:47:11AU Optronics Chairman: To Focus On Growing In Emerging Markets...
06/07/201104:20:15BrandsMart Sues Samsung, LG, AUO, Toshiba Among Others For Alleged...

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