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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.67+1.6%3:59 PM EST
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To: Rajala who wrote (116055)4/4/2002 2:52:28 PM
From: Caxton Rhodes  Read Replies (1) of 152472
 
Samsung Electronics' market value surpasses Sony Electronics

The aggregate market value of Samsung Electronics' listed stocks surpassed that of Sony Electronics as of April 1, a domestic securities firm said yesterday.

According to Daewoo Securities, Samsung Electronics' market value reached only 35.38 percent of Sony's market value at the beginning of last year, but steadily rose to 81.78 percent early this year to finally surpass the Japanese electronics giant.

Samsung Electronics' sales reached 32.38 trillion won last year, overwhelming Sony Electronics' 3.007 trillion yen, and recorded net profits of 2.94 trillion won to once more surpass Sony's 4.5 billion yen.

"The surging investor interest in Samsung Electronics will not soon subside as the electronics maker plans to release its first quarter business performance records in the near future," said Lee Young-one, a Daewoo researcher.

Meanwhile, Samsung Electronics, Hynix Semiconductor and Micron Technology are poised to lower their memory chip prices on decreased demand, according to electronics sources.

The sources said Samsung and Hynix are expected to lower memory chip prices as early as next week as soon as Micron lowers its DRAM supply prices by 10 percent.

(jemmie@koreaherald.co.kr)



2002.04.05
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