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Walmart's New Health Food Push: Is It Too Hard to Swallow?Technology sector specialist Mark Mowrey sees upside in two stocks poised to benefit from increased LCD TV sales. Here, the editor of The Prudent Speculator TechValue Report looks at AU Optronics (NYSE: AUO) and Corning (NYSE: GLW).
"Showing big gains in the world of video, LCD TV panel maker AU Optronics reported revenue of $4.5 billion in its first quarter, marking a 12.1% quarter-over-quarter decline that seemed to square with normal seasonality, even as it was negatively affected by the weaker U.S. dollar.
"Earnings thus came in at $1.12 per U.S. ADR, vastly improved from the loss of $0.02 per ADR in the same quarter last year. Looking forward, management says sales of TVs yet have not been impacted by the slowdown, though they are cautiously watching the markets for signs of weakness.
"Pleased with the positive report, we remain buyers of the shares, which trade at just about 6 times the consensus average for earnings per ADR now showing on Reuters Estimates.
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