17-inch LCD panels to drop 15% in price before year-end 2004

Prices for 17-inch LCD monitor panels were cut to $190 and are likely to fall another 15% before year-end 2004. LG.Philips LCD decreased its 17-inch LCD monitor panel prices to $190, forcing its Taiwan-based competitors to slash their prices to secure Christmas orders. The projected 15% price cut before year-end will also be a dramatic one-time drop, instead of a steady declining process, the sources predicted.