Samsung Q2 profit falls on chip price tumble
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Samsung Electronics (005930.KS), the  world&#39;s top memory chip maker, reported a smaller-than-expected  5 percent drop in quarterly profit on Friday after a steep fall  in computer memory chip prices overshadowed improvements in  flat screens.
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Chip stocks fell across the globe on Friday after Intel, the market leader, slashed its forecasts for revenue and profit margin for the third quarter, citing unexpectedly weak demand.
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Falling flat screen prices hit Samsung's quarterly profits.
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SEOUL (Dow Jones)--A precipitous fall in prices for flash-memory chips and anticipated demand for next-generation DDR2 dynamic random access memory chips has spurred Samsung Electronics Co.
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Korean LCD maker suffers massive decline in earnings.
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Intel Corp.'s second-quarter profit jumped 44 percent on strong sales of microprocessors, but the company's shares fell amid signs that fierce competition continues to push chip prices lower.
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Ericsson, the world's biggest supplier of mobile telecommunication systems, has reported a slight drop in second-quarter net profit as the acquisition of British group Marconi in 2005 continued to weigh on earnings.
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The German maker of semiconductors said that a downturn at its Qimonda computer memory chip subsidiary pushed it to a loss in the first quarter as chip prices fell.
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Samsung Electronics , the world's top memory chip maker, reported a smaller-than expected 5 percent drop in quarterly profit on Friday as a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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Japanese electronics group Toshiba Corp  posted a worse-than-expected 25 percent drop in quarterly operating profit after tumbling flash memory chip prices ate into margins.
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SAMSUNG Electronicsâs quarterly profit jumped 46 per cent from a year ago on strong memory chip sales, but fell 14 per cent from the previous quarter as prices of flat screens for TV and computers fell.
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Samsung Electronics Co. Ltd.'s  third-quarter operating profit has fallen around 10 percent  short of market forecasts due to weak sales of flat screens, a  source familiar with the company's business said on Friday.
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By The Idaho Statesman, Boise  Sep. 20--Micron Technology's stock dropped more than 2 percent Tuesday after an analyst downgraded the stock from a buy to a hold while predicting a drop in prices for DRAM, or dynamic random-access memory chips.
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Shares of Texas Instruments Inc. dipped Tuesday, a day after the leading maker of chips for cell phones said it expected to grow in the second quarter but gave only a middling outlook for first-quarter profit.
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Samsung Electronics Co. Ltd.&#39;s (005930.KS: Quote, Profile, Research) quarterly profit jumped 46 percent from a year ago on strong memory chip earnings, but fell
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Annual global semiconductor sales growth will probably fall by half in 2005 and memory chip sales could collapse as a supply glut saps prices, world-leading memory chip maker Samsung Electronics said on Monday.