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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6264)	10/18/2002 12:52:26 AM
From: StanX Long	Read Replies (1) \| Respond to of 95474

Well this doesn't sound like the IC recovery has started, Stan. Samsung Electronics Q3 net down 8.9 pct from Q2 Friday October 18, 9:09 AM SEOUL, Oct 18 (Reuters) - South Korea's Samsung Electronics Co said on Friday third-quarter net profit fell 8.9 percent to 1.73 trillion won ($1.39 billion) from the second quarter. The profit figure was within market expectations and higher than the 420 billion won number a year ago. Sales totaled 9.92 trillion won, versus 9.94 trillion won in the second quarter and 7.2 trillion won a year ago, Samsung, the world's largest memory chip maker, said. Analysts had expected July-September net profit to come in between 1.5 trillion won and 1.8 trillion won. Sales were expected to top 10 trillion won. Earnings before interest and taxes (EBIT) were 1.77 trillion won versus 1.87 trillion won in Q2 and 19.1 billion won a year ago. Investors cheered the results. Shares in Samsung, South Korea's largest stock with a market capitalisation of 47 trillion won as of Thursday, rose 3.7 percent to 319,000 won at 0102 GMT led by foreign buying. "Despite slumping chip prices and flat panel displays, Samsung posted the most outstanding results among global IT companies," said Simon Woo, an analyst at Hyundai Securities. "Steady growth is expected to continue until the second quarter of next year as prices of expensive and faster chips called double data rate (DDR) DRAM are likely to remain steady compared with other commodity chips." Samsung slashed its portion of cheaper synchronous DRAM memory chips to 50 percent of total DRAM output and boosted DDR DRAM to 40 percent in the second quarter, analysts said.