Demand for LCd to overtake demand for CRT only in 2008

Prices for liquid crystal display monitors have fallen substantially due to oversupply and IDC Asia Pacific believes LCD prices could still fall a bit more next year. IDC also predicts that demand for LCD monitors is likely to surpass traditional cathode ray tube (CRT) monitors by 2008. The recent oversupply of LCD monitors has become a dream to many PC buyers looking to get their hands on that slim LCD monitor. The number of LCD panels produced is estimated to overtake CRT units by 2008. But LCD revenues are already double those of CRTs, leading many manufacturers to cast their lot behind the flat-screen technology.