Wave Issue 0412 04/02/04 Article 5-01

***DisplaySearch Launches New Quarterly Plasma Panel Report:
Q4'03 Shipments Rise 36% Q/Q & 176% Y/Y to Record High 613K Units
(March 22)

DisplaySearch has launched a new quarterly report on shipments of
plasma display panels (PDPs) with the first issue now available.
The DisplaySearch Quarterly Plasma Display Panel Shipment and
Forecast Report covers PDP shipments, prices, supply, demand,
supply/demand, design wins and a specification database. Included
are:

* Historical PDP shipments by supplier, application, size and
resolution;

* ASPs by size, resolution and supplier;

* Unit, revenue and ASP forecasts by application, size and
resolution on a rolling 8-quarter basis;

* A rolling 8-quarter look at capacity by supplier by fab and
supply/demand;

* Design wins for each supplier by size and resolution;

* A module specification database.

Some of the highlights from the first issue include:

PDP shipments rose 36% Q/Q and 176% Y/Y in Q4'03 to a record 613K
units. Revenues rose 34% Q/Q and 160% Y/Y to $846 million. TVs
drove the growth rising 41% with Public Display up 9%.

By size, 40"- 43" accounted for the dominant share of the total
PDP market at 66%, up from 61% in Q3'03, due to its broad
availability and attractive price points.

FHP had the highest unit and revenue share, but is losing ground
to Samsung SDI and LGE. Samsung SDI remained #2 and LGE overtook
Panasonic in Q4'03 to reach #3.

Samsung SDI was #1 in TV panels in Q4'03 with LGE overtaking FHP
to rise from #3 to #2. Panasonic was #1 in Public Display panels
followed by FHP.

By size, CPT led at 46", FHP led at 32", 37" and 55", Pioneer led
at 50" and NEC led at 60"+. At 40"-43", Samsung SDI led overall
with LGE the top 480P supplier, Pioneer the leading 720/768P
supplier and FHP the leading HD supplier with its 1024 ALIS
panel.

Looking forward, PDP capacity is expected to rise more than 220%
from Q4'03 to Q4'05. Samsung SDI is expected to lead in 42"
equivalent capacity from Q3'03 through Q4'05.

PDP shipments are expected to rise at double-digit rates each
quarter on healthy demand as prices continue to fall.

Larger TV panels expected to drive demand with the 50" share
expected to rise from 16% to 30%. The <40" share is expected to
fall from 17% to 10%.

HD panels are expected to gain ground as the price gap and
absolute price difference falls and buyers demand HD performance.
720/768P panels are expected to overtake 480P panels in Q1'05 and
the HD share is expected to rise from 53% in Q4'03 to 66% in
Q4'05.

www.displaysearch.com/