LG Philips - a suckers IPO

LG Philips, the joint venture between LG & Philips,has received approval for an IPO. LG Philips is the second largest LCD manufacturer in the world and hopes to raise about $2 Billion through the offering. This is a TERRIBLE offering to get in on. Just look at the dynamics in the LCD panel display market... LCD TVs are destined to become commodities, so why someone would want to invest in a business that will slowly errode over time is beyond me.