Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.94

-0.5%

3:58 PM EST

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To: Don Green who wrote (76117)	7/24/2001 3:12:13 AM
From: Don Green	Read Replies (1) of 93625

Samsung Electronics to Reduce Investments by Large Sum July 24, 2001 (SEOUL) -- Samsung Electronics Co., Ltd. is reportedly set to cut investments by 1 trillion won, to 5.1 trillion won for this year due to its worse-than-expected operating profits. Officials at Samsung said that the microchip giant posted 8 trillion won in sales during the second quarter of this year, up 2 percent from the same period of 2000, but recorded 600 billion won in operating profits, down 62 percent year on year. (1,309.30 won = US$1) Samsung saw first-half sales of 16.7 trillion won, up 2 percent compared with the same period of 2000, while operating profits plunged 42 percent to 2.2 trillion won. Samsung said it has lowered the portion of its microchip business (to its total business) in the wake of falling chip prices. (Maeil Business Newspaper, Korea)

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