Samsung glum on year ahead
PrintBut sticks to guns on forecasts
Posted in Financial News, 28th February 2005 15:32 GMT
Free whitepaper – Unified Server Configurator
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
Enabling The Agile Data Center
What Exchange can't do - and Dell can
Analyst Keynote: The Register Agile Data Center Summit
Analyst Keynote: The Register Agile Data Center Summit
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter