Samsung's Q2 Hit by Weak DRAM Market
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Samsung saw a sharp fall in operating profits due to the weak market for computer memory chips.
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Samsung Electronics Co., the world&#39;s second-largest maker of semiconductors, forecast slower growth in the chip business next year but said it would grow faster than the overall industry as it expands beyond the memory-chip segment it dominates.
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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.
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Investors not impressed Strong notebook and server chip sales carried Intel to a second quarter that neared the high end of previous forecasts. Investors, however, seemed unmoved by the results, as Intel noted strong pricing competition in the desktop market and a reliance on cost-cutting measures to gloss its results.â¦
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Samsung Electronics Co. Ltd. (005930.KS)  expects prices of liquid crystal display (LCD) panels to fall  about 10 percent in the second quarter from the previous  quarter, a company source said on Tuesday.
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Semiconductor maker Advanced Micro Devices Inc.  warned on Monday that its quarterly revenue will be lower than forecast, citing softness in sales of its memory chips used in cell phones and other devices. The company's shares fell after the warning.
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Sharp falls in technology stocks led  Asian share markets lower Friday on bleak earnings prospects at  industry leader Samsung Electronics Co. Ltd. and a retreat on  Wall Street.
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By Bob Mims, The Salt Lake Tribune  Feb. 13--Fallout from Micron Technology Inc.'s dire price forecast for  the flash-style memory that powers everything from iPods to laptops sent its  stock and that of other semiconductor makers tumbling Monday.
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Advanced Micro Devices Inc. , the No. 2 microprocessor maker, warned on Monday that it will likely miss its quarterly revenue target as it loses market share among computer resellers, a traditional bulwark of its business.
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Semiconductor maker Advanced  Micro Devices Inc. AMD.N warned on Monday that its quarterly  revenue will be lower than forecast, citing softness in sales  of its memory chips used in cell phones and other devices. The  company's shares fell after the warning.
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Chipmaker National Semiconductor Corp.(NSM.N: Quote, Profile, Research) on Monday cut its second quarter revenue outlook, saying business was weaker than expected.
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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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US technology shares tumbled on Friday after technology bellwether Intel Corp. (INTC.O: Quote, Profile, Research) slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks made solid gains.
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DRAM and CPU price drops will slow growth of the global market in 2007, analysts say.
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Samsung Electronics, the world's top memory chip maker, reported its worst quarterly profit in four years after steep declines in computer memory chip prices overshadowed improvements in flat screens.
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Mobile chip makes inroads as prices drop and Intel de-emphasizes clock speed.
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Samsung's Q1 Ultra mobile PC shows that Samsung listened to criticism. But this second-generation device still doesn't live up to its potential.