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In Memoriam

From the Editor

John Kitchen and Ralph Monaco: Real-Time Forecasting in Practice

Jonathan McCarthy: Capital Overhangs

Henry Townsend: The Expected Rate of Return for Equities

Rolando F. Peláez: A Reassessment of the Purchasing Managers’ Index

Timotej Jagric: Forecasting with Leading Economic Indicators—A Neural Network Approach

A. Gary Shilling: Pension Profits Become Corporate Costs

Jack Kyser: The Los Angeles County Economic Development Corporation

Leslie G. Polgar: Flat Panel Displays

Robert P. Parker: December Will Bring Major Changes to the U.S. National Income and Product Accounts

Book Reviews

Focus on Industries and Markets

Flat Panel Displays

By Leslie G. Polgar

Leslie Polgar served as the founding President of Eastman Kodak Company’s Display Products Business from 2000 to 2003. Previously, he was VP/General Manager of the Semiconductor Products Group of Etec Systems (now part of Applied Materials) and VP/General Manager- Electronics of Air Liquide America. He holds a PhD in physics from Carnegie-Mellon University and an MBA from the University of Connecticut. Talpra, his consulting firm, serves investors and principals of international high tech companies. He can be reached at polgarleslie@aol.com.

The world market for flat panel displays (FPDs) is nearly $38 billion in 2003. Between 2000 and 2006, worldwide FPD revenues are expected to grow at a rate of nearly 18 percent/year, to $66 billion in 2006. Few—if any—markets of this size are growing at such high and sustained growth rates.

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