LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed on June 7, 2005, by LG.Philips LCD Co., Ltd., a foreign private issuer based in Seoul, Republic of Korea. The filing discloses a material event regarding a new supply contract entered into on the same date.
Key Financial Metrics
The filing does not provide standard financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The only financial figure disclosed is the estimated value of a new commercial agreement.
Material Changes and Events
The registrant announced a significant supply contract with Hewlett-Packard Company. Key terms include:
- Purchaser: Hewlett-Packard Company
- Product: TFT LCD panels for notebook computers and monitors
- Estimated Contract Amount: Approximately USD 5 Billion
- Contract Period: June 1, 2005, to May 31, 2008
- Supply Channel: Products will be supplied mainly through LG.Philips LCD Taiwan Co., Ltd.
Guidance, Risks, and Contingencies
Management commentary highlights that the USD 5 Billion figure is an estimate. The actual sales volume and revenue are contingent upon:
- Unit prices and the volume of orders placed by Hewlett-Packard.
- Prevailing LCD market conditions.
- Specific agreements reached between the parties during the contract term.
The filing does not provide specific forward-looking guidance on overall company performance beyond this contract.
Investor Verification Checklist
- Verify the actual order volumes and unit prices realized under the Hewlett-Packard contract in subsequent quarterly reports.
- Monitor the impact of LCD market conditions on the fulfillment of the estimated USD 5 Billion contract value.
- Confirm the operational role and financial contribution of LG.Philips LCD Taiwan Co., Ltd. as the primary supply entity.
- Review future filings for any amendments to the contract terms or changes in the estimated contract value.