Litecoin ASIC's came out recently in China, imagine how easily they could 51% attack Litecoin with a few of those at this point if they wanted to just end it. Likely they're just milking it for profit but it just goes to show the potential instability.
source please? It's the first time that I see such a statement
He's probably talking about stuff like this:
https://bitcointalk.org/index.php?topic=341939.0Just rumors at this moment.
If you pay attention to hash power of Litecoin, you can see when ASIC's started hitting.
Don't be too naive to think the people that make Litecoin ASIC's are not going to milk it for a while before selling them to the public, just like Bitcoin ASIC's. It's more profitable for them to run privately until difficulty reaches X, this it's more profitable to be in the hardware business.