1. Americas Market Outlook Combined Professional and Consumer Front Projectors Third Quarter 2004

2. Americas Market Outlook © 2005 Pacific Media Associates 2 Contents Third Quarter 2004 Americas manufacturer census and forecast update –Combined Professional and Consumer Projectors –Trends by key product features –Analysis by key segments –Market shares 2004-2009 forecasts –Regional quarterly totals for 2005 –Americas forecast update –Americas patterns by key product features

3. Americas Market Outlook © 2005 Pacific Media Associates 3 PMA© Large-Screen Displays Worldwide Industry Research Industry Services (Front Projectors, Flat Panel Displays) –Worldwide and Americas versions –Both professional and consumer markets –Quarterly manufacturer census and forecasts –Annual Reseller Survey –Newsletters –Unlimited free inquiry privilege (Monthly) Reseller Tracking Services –Front Projectors for 7+ years –Large Flat Panel Displays for 2+ years (Annual) End-User Surveys –Professional/Consumer front projector users

4. Americas Market Outlook © 2005 Pacific Media Associates 4 PMA © PMA © Categories Resolution Sub-VGA and VGA Wide VGA SVGA 540p 576p XGA 720p Wide XGA SXGA 1080p UXGA and Above Technology DLP LCD HiT pSi LCD CMOS LCD Amorph Size Picoportable:2kg (4.4 lb) or less Microportable: 2.01kg (4.41 lb) to 3kg (6.6 lb) Ultraportable:3.01kg (6.61 lb) to 5kg (11 lb) Portable:5.01kg (11.1 lb) to 10 kg (22 lb) Conference:10 kg (22.1 lb) to 15kg (33 lb) Large Venue:>15kg (33 lb) Brightness 0 - 999 lumens 1000 - 1499 lumens 1500 - 1999 lumens 2000 - 2499 lumens 2500 - 2999 lumens 3000 - 3499 lumens 3500 - 3999 lumens 4000 - 4999 lumens 5000 - 7499 lumens 7500 - 9999 lumens 10000+ lumens

5. Americas Market Outlook © 2005 Pacific Media Associates 5 Third Quarter 2004 Americas Market Outlook © Americas Update Third Quarter 2004

6. Americas Market Outlook © 2005 Pacific Media Associates 6 Third Quarter Highlights - Americas Combined professional and consumer shipments total 370,365, ahead 41% vs. year-ago third quarter and up 12% sequentially Professional (including crossover) projectors at 11X unit volume of consumer projectors vs. 18X in the year-ago third quarter Year-over-year growth strong across all Americas’ sub-regions –United States up 37% vs. Q3 '03, ahead 8% vs. Q2 '04 –Canada up 60% year/year, up 18% sequentially –Latin America up 70% year/year, up 49% sequentially in large part due to Mexican tender Americas end-user revenues at $667 million; overall ASP drops 3%sequentially, ends third quarter at $1,801 Technology unit shares at 56.1% pSi, 43.8% DLP, 0.1% LCOS Sub-$1,000 shipments rise to 33% of Americas’ unit volume;$2,000-$3,000 street price range continues to drop in share Biggest unit share gains for Epson, Sanyo, Sharp and Toshiba

7. Americas Market Outlook © 2005 Pacific Media Associates 7 Americas Unit Shipments Five Quarters Ending 2004Q3

8. Americas Market Outlook © 2005 Pacific Media Associates 8 Americas Professional vs. Consumer Unit Shipments by Manufacturer Designation Five Quarters Ending 2004Q3 Note: Professional models include crossover unit sales.

9. Americas Market Outlook © 2005 Pacific Media Associates 9 Geographic Market Share for Americas Unit Sales for Third Quarter 2004 Third Quarter 2004 Units Shipments = 370,365

10. Americas Market Outlook © 2005 Pacific Media Associates 10 Aspect Ratio: Worldwide Unit Shipments Five Quarters Ending 2004Q3

11. Michael Abramson michael@pacificmediaassociates.com Candace Hogan candace@pacificmediaassociates.com T: 1.650.561.9020 F: 1.650.561.9019 Contact Information