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To: DavidG who wrote (42790)	2/5/1999 11:53:00 AM
From: Bipin Prasad	Respond to of 53903

Wonder why Tommy is not taking advantage of MU now? later, InSook

To: DavidG who wrote (42790)	2/5/1999 1:03:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Samsung reports big profit increase By Jack Robertson Electronic Buyers' News (02/05/99, 11:54:21 AM EDT) Samsung Electronics Co. Ltd. reported today a net profit of $265 million for fiscal year 1998, up 152% from the previous year. Sales totaled almost $17 billion, a 9% jump over 1998. The gains reflected a sharp turnaround for the South Korean electronics giant, after a financial crisis hit the country more than a year ago. Analysts said the improved figures came from product sectors other than DRAMs, which had incurred such losses through most of 1998 that Samsung cut back production one week a month for more than a quarter. With DRAM prices now rising, Samsung might see even better results this year, some analysts suggested. The company reported that its debt-to-equity ratio was reduced to 198% by the end of 1998, from 298% at the end of the previous year. That would meet the South Korean government's demand that the country's conglomerates and their affiliated firms cut their debt to no more than 200% of equity. Samsung said it will pay a 12% stock dividend to shareholders, equal to about 73 cents a share. This compares with a 10% stock dividend a year ago.