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

To: Cary Salsberg who wrote (17442)	1/25/2006 8:11:27 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Hynix in Better-Than-Expected Q4 Results The world’s second-largest memory chip maker Hynix posted better-than-expected results in the fourth quarter last year, with the ratio of operating profit to revenue recording 30 percent, close to the top among global memory chip makers. Hynix said Wednesday consolidated financial statements show W1.765 trillion (US$1.765 billion) in sales in the fourth quarter of 2005, a 10 percent increase from the previous quarter. Operating profit rose 6 percent to W522 billion and net profit 44 percent to W764 billion. The operating profit-to-revenue ratio was at a similar level to the most cost-competitive company, Samsung Electronics, which recorded 31 percent in the fourth quarter. Experts predicted Hynix would be unable to earn more than W500 billion in operating profit. The surprise performance is attributed to a swift move of production focus to profitable Flash memory from the fading DRAM, whose prices have been falling. Hynix increased the proportion of Flash memory in its production portfolio from 10 percent in the first quarter to 40 percent in the fourth quarter, reducing cost and stabilizing profitability. In the case of Samsung Electronics, Flash memory accounted for over 50 percent of its total sales during the October-December period, recording a 47 percent operating profit-to-revenue ratio. But overall, Hynix saw revenues shrink 3.1 percent and operating profit 20.8 percent year-on to W5.905 trillion and W1.604 trillion, although net profit increased 7.3 percent to W1.851 trillion. It posted more than W1 trillion in both operating and net profit for the second year running. “We are now a par with leading global memory chip makers in terms of sales and profits by posting a surplus for 10 straight quarters since the third quarter of 2003,” executive vice president Chung Hyung-ryang said. “We plan to spend W3.6 trillion this year to strengthen our competitiveness further.” english.chosun.com ***************** xe.com Universal Currency Converter ® Results Live mid-market rates as of 2006.01.25 13:13:26 UTC. 3,600,000,000,000.00 KRW South Korea Won = 3,710,296,839.891 USD United States Dollars 1 KRW = 0.00103064 USD 1 USD = 970.273 KRW

To: Cary Salsberg who wrote (17442)	1/25/2006 11:22:21 AM
From: Return to Sender	Read Replies (2) \| Respond to of 25522

Are the stocks in this industry still treated as cyclical? Yes, I believe they are. That Cary is one issue worthy of discussion here. It applies to both our investment strategies. When will the next cyclical bottom happen? Will it happen at all? Should I stay largely in cash until it does happen or should I be buying stocks on every dip in the belief that this time is different? As far as the other stuff. It's not worthy of discussion anywhere. No matter what we have made, or lost, money on past performance is no guarantee of future success. Best of luck with your investments Cary. RtS