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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 107.05+9.0%3:59 PM EST
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To: jim kelley who wrote (44231)6/13/2000 4:49:00 AM
From: Estephen  Read Replies (1) of 93625
 
S Korea's Samsung Electronics
1Q Net KRW1.596T

Dow Jones Newswires

SEOUL -- South Korea's Samsung Electronics Co.
(Q.SSE), the world's largest memory chip maker, said
Tuesday its net profit reached 1.596 trillion won
($1=KRW1,115) during the first quarter of this year.

It didn't provide comparison figures for the first
quarter last year.

Meanwhile, its sales reached KRW7.873 trillion in the
first three months of this year.

The company reported a net profit of KRW3.18
trillion and sales of KRW26.117 trillion in 1999.

A spokesman at Samsung Electronics said its net
profit and sales reflect an increase in sales of its main
chip products, including 64 megabit dynamic random
access memory chips, 128 megabit DRAM chips and
rambus DRAM chips. Robust sales of its mobile
phones and thin film transistor liquefied crystal
displays also contributed to its earnings.

Samsung Electronics said it expects its net profit to
reach around KRW5 to KRW6 trillion this year as
global chip prices are expected to rise steadily in the
second half of the year.

At 0205 GMT (10:05 p.m. EDT Monday), shares of
Samsung Electronics were up KRW6,000 to
KRW328,000 on volume of 271,260 shares.

-By Shin Jung-won; 822-732-2165;
jung-won.shin@dowjones.com
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