Source: Samsung Profit Below Forecast
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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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Palm Inc. PALM.O on Thursday   posted a lower quarterly profit as the maker of the Treo   smartphones spent more money to fend off rivals and sales in   retail stores fell short of expectations.
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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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South Korea's Samsung Electronics Co. expects strong demand and cost cuts to boost second-half profit in its chip business, it said Friday.
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DALLAS -- Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.
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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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Motorola Inc  on Thursday  posted a small third quarter profit from continuing operations  and forecast another profit for the current quarter even as  revenue fell from a year ago.
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Swedish telecommunication equipment maker Ericsson on Friday reported a gain in second quarter net earnings but its sales performance fell short of market expectations.
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Its net income during the June to September period was 2.69tr won (Â£1.2bn), 46% up on the same period a year earlier. During the period, which is Samsung Electronics&#39; fiscal third quarter, the company said
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Concern over falling profit margins at Samsung Electronics Co. Ltd. grew on Thursday as the company said it was spending more on handset marketing and a top broker issued a &quot;sell&quot; rating on its stock for the first time in years.
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Samsung Electronics Co. said Tuesday that its fourth-quarter net profit fell 6.6 percent amid sharp declines in prices for computer memory chips, though sales of mobile phone handsets surged to a record.
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Ericsson (ERICb.ST), the world&#39;s  biggest mobile network maker, reported softer-than-expected  second-quarter earnings on Friday but said the company  continued to outperform the market.
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(InfoWorld) - Samsung Electronics saw a sharp fall in operating profits during the three months from April to June due to theÂ weak marketÂ for computer memory chips. Prices of the chips, which are used for the main memory in personal computers, fell because supply exceeded demand. That hit Samsung because it's one of the world's largest makers of DRAM (dynamic RAM) chips. The company said operating profit was 910 billion won ($985 million) as of the last day of the period being reported), which is down from 1.4 trillion won ($1.5 billion) in the second quarter of 2006. Net profit, which is a wider measure of profitability and includes subsidiaries and non-core operations, was down slightly at 1.42 trillion won from 1.5 trillion won a year earlier. Net sales were up 4 percent to 14.6 trillion won. "Despite the dire business environment, such as the precipitous fall of DRAM (dynamic RAM) prices and seasonality, we have posted a decent result in Q2," said Chu Woosik, head of investor relations at Samsung, in a conference call with analysts. Profits at Samsung's semiconductor unit dropped by two-thirds as a result of the weak DRAM market. The good news, said Chu, is that the DRAM market is already starting to show signs of a turn-around, thanks to interest in Windows Vista PCs, which require more memory. During the remainder of the year the market for DRAM chips is expected to be strong, he said. Strong demand for Apple's iPhone and competing handsets are alsoÂ expected to keep up pricesÂ and profits for NAND flash memory, which is Samsung's other major memory chip product, strong. Chu said Samsung is in talks with several consumer electronics companies about supplying chips for as-yet-unannounced portable media players with video. Samsung's cellphone handset business was one of the brightest spots in the results. The company shipped a record 37.4 million phones in the quarter thanks to the popularity of its thin "Ultra" edition handsets. The second quarter was the fourth consecutive quarter in which Samsung reported record sales. As a result Samsung said it now expects to ship more than 150 million phones this year, up from its previous target of 133 million. The LCD (liquid crystal display) business enjoyed brisk business and Samsung shipped a record 2 million displays in the 40-inch and above class. Sales rose by 17 percent and operating profits surged 290 percent. Looking ahead, Chu said Samsung expects the remainder of the year to be strong for the company. "We are very optimistic about the second half," he said. "We are expecting all of our major business units to experience very high levels of demand and recovery starting from Q3. As a result of such an improvement coupled with our vigorous attempts to reduce cost, we are hoping to see significant improvements in the bottom line in Q3. We expect this nice recovery to last throughout the rest of the year." Â
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Samsung Electronics posted a 46 percent gain in earnings, despite a dip in its cell phone and telecom-equipment business. Separately, Sony Ericsson posted a 29 percent year-over-year increase in sales during the third quarter.
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Swedish telecoms equipment maker Ericsson reported a lower-than-expected fourth-quarter gross profit margin on Thursday as the rollout of more mobile networks added to costs, sending its shares down despite strong orders.
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Brian Matus, vice president of market research IC Insights, said $100 million is a mere drop in the bucket for Samsung, but the full extent of the company&#39;s guilt or the fines it might be assessed remain to be seen.
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Telecom equipment maker Ericsson  reported lower-than-expected profit and announced sweeping job cuts on Friday as the group hunkered down for what it expects will be a flat market this year.