Investors shrug off rising inventories at TPV

TPV Technology, the world’s number 2 computer monitor maker, nearly doubled second quarter profits on soaring sales and forecast a strong second half despite falling prices. Behind the news, though, was the all-too familiar story of rising inventory, particularly for LCDs (see "TPV's Q2 profits surge as it outsells Samsung LCDs").

Despite this, over the last two days of trading, the stock has risen almost 5 percent. It looks like investors have discounted rising inventories in the technology sector.