Loading...
Loading...
South Korean maker of MP3 players, IRiver, is pairing up with flat-screen company LG Display
LPL to manufacturer e-readers for the global market. The companies hope that their “story” e-reader, already on sale in parts of Europe and Asia, can distinguish itself from the already popular Amazon’s
AMZN Kindle and Barnes & Noble’s
BKS Nook.
IRiver and LG Display plan to set up the $5 million joint venture, called L&I Electronic Technology and aim to produce 1 million units annually by 2011. Analyst’s estimate that revenue from the e-book marketplace will reach about $1.2 billion in 2011, bullishly up from $350 million recorded last year.
This is just another example of how crowded the tablet pc space is getting. The sure-fire way to profit from this growth is place your bets with the semiconductor manufacturers. The broad-based iShares S&P North American Semiconductors
IGW or the Semiconductor HOLDRs
SMH are some of the better examples of how to play this growing trend.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Long IdeasSector ETFsSpecialty ETFsGlobalTechMediaTrading IdeasETFsConsumer Discretionarye readersElectronic Equipment ManufacturersInformation TechnologyInternet RetailKindlenookSemiconductor- Memory Chips IndustrySpecialty Stores
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in