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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (17142)	1/12/2006 3:05:32 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

G, I was not criticizing you in the least, but was simply questioning out loud whether those numbers appeared out of line. Regards, Brian

To: Gottfried who wrote (17142)	1/13/2006 8:11:32 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Samsung's profits up, cuts capex in 2006 Mark LaPedus (01/12/2006 9:37 PM EST) SAN JOSE, Calif. — Samsung Electronics Co. Ltd. reported its first profit gain in five quarters for the fourth period of 2005, but the company also cut its capital spending budget in 2006. South Korea’s Samsung posted a net income of 2.6 trillion won ($2.6 billion) in the fourth quarter, up 36 percent from the previous quarter. Sales were 15.5 trillion won ($15.9 billion) in the fourth quarter, up 7 percent sequentially. In the like period a year ago, the company posted a profit of 1.8 trillion won ($1.8 billion) on sales of 13.9 trillion won ($14.3 billion). The company’s semiconductor sales were 5.1 trillion won ($5.1 billion) in Q4, up 11 percent sequentially. Operating profit was 1.62 trillion won ($1.7 billion) for the quarter, up 21 percent. In DRAMs, Samsung suffered due to DD2 product shortages and lackluster bit growth of 5 percent in the period. On the other hand, Samsung’s NAND-based flash efforts grew due to an expansion in the 4-gigabit product arena. Overall bit growth for NAND jumped 44 percent in the quarter. For the year, Samsung Electronics’ overall sales were 57.5 trillion won ($59.1 billion), flat from 2004. Profits were 7.64 trillion won ($7.8 billion) in 2005, down 29 percent from 2004. The semiconductor unit said its sales hit 18.3 trillion won ($18.8 billion) in 2005, up 1 percent from 2004. Operating profit was 5.5 trillion won ($5.6 billion) in 2005, down 27 percent from 2004. For 2006, Samsung Electronics projects that its sales will reach 63.6 trillion won ($65.3 billion), up 11 percent over 2005. The company expects a flat year in DRAMs, but it also projects that NAND will grow by 200 percent in terms of bits. Overall capital spending is projected to hit 9.2 trillion won ($9.5 billion), down 8 percent in 2005. "Despite challenging market conditions such as higher oil prices and appreciation of the [Korean] won currency, we achieved strong profit growth in the fourth quarter," Woosik Chu, a Samsung senior vice president, said during conference call. Samsung is forecasting record 2006 revenue of 63.6 trillion won, an 11 percent increase. —Sean Shim contributed from Seoul, South Korea.