Thursday, March 31, 2011

AU Optronics Rallies on Speculation of iPad 2 Order

Shares of AU Optronics Corp. (NYSE: AUO) rallied more than 5% Thursday after Taiwan's Economic Daily News reported that the LCD maker has won an order to provide flat panel screens for Apple Inc's hot-selling iPad 2 tablet. Taiwan's Economic Daily News said that the panels' selling price will be three to four times more than regular panels of the same sizeAU could ship 30 million of the screens in a year, it said. The order will take up over half the capacity of its plant in Taichung, central Taiwan. Stay tuned for more.

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