LG Display Co., Ltd. (LPL)

Q4 2010 Earnings Call

January 21, 2011 8:00 AM ET


Anthony Moon – Vice President, Investor Relations

J.S. Park – Head, TV Marketing Department

Seong Lee – Vice President, IT Marketing


Brian White – Ticonderoga Securities

Andrew Abrams – Avian Securities

Richard Klotz – Moore Capital

Olga Levinzon – Barclays Capital

Jeffrey Toder – RBS

WonJae Lee – Credit Suisse

Ben Lu – Seligman Investments Securities


Anthony Moon

Good evening, good afternoon and good morning from wherever you’re calling, wherever that applies. My name is Anthony Moon. Again, I’d like to welcome you to LG Display’s Fourth Quarter Results Conference Call for 2010.

Now, with me here is our IR staff as well as the new representatives from the TV Marketing and IT Marketing. With us is J.S. Park, who heads up the TV Marketing Department; and Seong Lee, who is now the Vice President of IT Marketing.

As the operator just mentioned, before we go into the Q&A session, allow me to highlight some of the key points from our fourth quarter results and touch upon our outlook for the first quarter of 2011.

If you move to the next page and look to disclaimer, I encourage you to take a few seconds to look over that page. I would like to remind everyone that the results are based on (inaudible) and the results placed in this presentation are still unaudited.

Moving right along to slide number three, fourth quarter sales grew 10% year-on-year but fell 3% Q-on-Q as ASPs continued to decline in the fourth quarter. Looking at the two -- our two main products in the fourth quarter TV prices fell a bit more than IT.

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