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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58801)	1/15/2002 3:42:48 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tuesday January 15, 2:10 PM Samsung Electronics' profit halved in 2001 sg.news.yahoo.com The net profit of Samsung Electronic Co. (SEC), the world's largest microchip maker, was halved from a year ago to 2.26 billion dollars in 2001. SEC's net profit stood at 2.96 trillion won (2.26 billion dollars) in 2001, down 51 percent from six trillion won a year ago, with sales shrinking from 34.3 trillion won to 32 trillion won, Yonhap news agency said. SEC said its results would be disclosed on Wednesday. Newspapers said SEC recorded a net profit of 420 billion won in the three months to December, down from 425 billion won in the third quarter. The decline in revenue reflects a prolonged slump in the semiconductor industry. SEC's global market share in the chip sector reached 26.6 percent in terms of sales in 2001.