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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (2665)	3/22/1999 3:24:00 PM
From: Duker	Read Replies (1) \| Respond to of 5867

Samsung reports profits up 154% in 1998 A service of Semiconductor Business News, CMP Media Inc. Story posted 9 a.m. EST/6 a.m. PST, 3/22/99 SEOUL -- During a weekend meeting with shareholders here, Samsung Electronics Co. Ltd. said it made $259.5 million in net profits in 1998, a 154% increase over the previous year. The company's sales grew 24% to $16.64 billion in 1998 from $13.37 billion in 1997, according to Samsung. These figures were in line with financial analysts estimates reported earlier. Samsung was able to increase its profits by controlling costs and restructuring as well as increase in exports, according to company chairman Jong-yong Yun, who met with shareholders on Saturday. Exports by Samsung's Korean operations grew 30% to $11.26 billion in 1998 compared to 1997. During Korea's recession last year, Samsung's domestic sales dropped 19% to $5.38 billion. Samsung said it had reduced its debt-to-equity ratio in 1998 to 198% vs. 296% at the end of 1997. The Korean Central Bank has complained that the chaebol reduced their debt-to-equity ratio last year principally by re-evaluating assets higher. Samsung said its present debt totals $11 billion.