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Between June 30, 2008 to July 11, 2008, the MCI index dropped sharply from 7337.4 to 6765.1, down by another 572.4 points. As mentioned in WitsView’s last MCI report, the 7000 level was the next benchmark to observe. Thus, with the index level now almost 300 points lower than the 7000 mark, it further confirms the current weak market fundamentals of the TFT LCD industry.