EL SEGUNDO, CA – Growing video usage, Microsoft Vista, and aggressive pricing will all contribute to skyrocketing sales of wide-format LCD desktop computer monitors during the next five years, making this the dominant format by 2009, iSuppli predicts.  Worldwide sales of wide-format LCD monitors are set to grow to 146.9 million units by 2011, rising at a CAGR of 74.3% from only 9.1 million units in 2006, according to the firm. In 2007, end-user sales will nearly quadruple to 35.8 million units. Revenue will grow to $20.9 billion by 2011, rising at a 55% CAGR from $2.3 billion in 2006. In 2007, revenue will triple to $6.7 billion. By 2009, wide-format LCD monitors will account for the largest share of the LCD monitor market, surpassing traditional-format displays, iSuppli predicts. The biggest battleground in 2007 is expected to be in the 19", 20" and 22" wide markets. The 20" wide panels offer a higher resolution than the 19" wide-format LCD panels, and are generally considered to be a better fit for Microsoft’s Windows Vista, but price has trumped performance. Twenty-inch panel suppliers have responded with more aggressive price moves. With the winner of this battle poised to become the market leader in the LCD monitor market, the stakes are considerable. Adoption rates for wide-format monitors are expected to be higher for consumers than for corporations.

OSLO, NORWAY – Telecom power systems supplier Eltek is buying Valere Power for cash and stock worth up to $130 million, the company said today. Eltek will pay Valere shareholders $83 million in cash plus stock equal to 9.1% of Eltek Energy AS and 9.9% of a joint venture. The total value of the acquisition is between $120 and $130 million, Eltek said. Valere Power is backed by private equity investors, including Alcatel Ventures, Dali-Hook Partners, JP Morgan Partners and Sierra Ventures. Valere Power had revenues of $88 million in 2006 and expects revenues up to $130 million in 2007, Eltek said. Valere's first-quarter revenues grew 44% year-over-year to $26.2 million. Valere chief executive and founder Andrew Marsh will become CEO of the new company, while the current head of Eltek Energy, Knut Aven, will become vice president for international telecom sales.