Feeds

Samsung glum on year ahead

But sticks to guns on forecasts

  • alert
  • submit to reddit

Remote control for virtualized desktops

Samsung Electronics warned shareholders yesterday that its prospects for the year ahead were less than stellar due to both global and domestic economic uncertainty.

Reuters reported that the Korean electronics giant’s vice chairman, Yun Jong-yong, said the company faced “big risk factors going forward” and “the outlook for our key businesses is not good.”

Those key businesses include DRAM, LCD panels and mobile phones, all of them markets where ever increasing demand offers little protection from a peaks and troughs pattern on capacity and pricing.

Despite the downbeat assessment of the year ahead, the company reiterated its forecasts for this year which call for sales of 58.7 trillion won ($58.2bn) and net profits which best last year’s 10.79 trillion won. $reg;

Related stories

Samsung shows 'world's first' DDR 3 chip

Infineon issues profit warning

Infineon issues profit warning

Infineon issues profit warning

Choosing a cloud hosting partner with confidence

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.