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To: StanX Long who wrote (62977)	4/19/2002 12:52:15 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Samsung Electronics Doubled 1st Quarter Profit to W1.8 Tril. The first quarter earnings for Samsung Electronics is estimated at 1.8 trillion won, which is in line with analysts?expectation. -- Korea Times, 4/19/2002 e-insite.net Its sales rose by 37.2 percent to 11.8 trillion won, compared with 8.6 trillion won in the January-March period last year. Its net profit doubled in the period, according to its tentative report yesterday. In the first quarter, Samsung Electronics generated 3.4 trillion won in semiconductor sales, 3.1 trillion won in information and communications equipment, 4.2 trillion won in its digital media division and 1.1 trillion won in home electronics alliances, the report said. Its official data will be made public today. A spokesman at Samsung Electronics declined to comment on Thursdays report, saying ''We are unable to confirm whether the report is right or not. Ahead of such strong first-quarter gains, Samsung Electronics shares, which make up 20 percent of the total market capitalization of the Korea Stock Exchange, were up 4.37 percent and closed at 406,000 won per share on the stock market. The price is a record-breaker after the company stock first hit 405,000 won per share on April 3. Samsungs preferred stock also jumped 4.43 percent to 223,500 won on Thursday closing. Preferred stock refers to a class of capital stock that pays dividends at a specified rate and that has preference over common stock in the payment of dividends and any liquidation of assets. Samsung Electronics shares once fell to 355,000 won due to massive dumping by foreign investors early last week, but since surged 14 percent over the past five consecutive trading days.