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An LCD HDTV has liquid stored between the two sheets of polarized glass. While the crystals get twisted or untwisted it makes the full range of light to dark. To create color, a fluorescent light is used. They can create as many as 16-plus million colors between the fully twisted and fully untwisted elements after starting with the whitest of whites.
I do not know much about it but a friend of mine purchased rackmount lcd monitors and was very much happy with its performance
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