Feeds

DRAM price plunge hammers Hynix

Q1 revenues, profits slide

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Weak DRAM prices and a strong US dollar dragged down Hynix's Q1 revenues, the South Korean memory maker reported today.

Sales for the three months to 31 March 2005 reached KRW1284bn ($1.29bn), down four per cent on the previous quarter. Consolidated revenue came to KRW1270 ($1.27bn), down 12 per cent on Q4 FY2004's KRW1450bn ($1.45bn).

Net income for the quarter was KRW317bn ($317.9m), up 70 per cent on the previous quarter, though its group operating profit was KRW299bn ($300m) was down 29 per cent sequentially.

Consolidated net income came to KRW321bn ($322m), up 53 per cent on the previous quarter's KRW209nm ($209.6m). Consolidated operating profit was also KRW321bn, down 30 per cent from the previous quarter's KRW459bn ($460.4m).

Hynix blamed the sequential declines on "a strong price decline in DRAM market that could not be completely offset by increased bit growth and reduced unit cost". The strong US dollar didn't help any, though Flash sales "increased significantly", the company said.

Going forward, Hynix has to pay $185m to the US Department of Justice for its participation in a memory price-fixing cartel in 2002. It can pay in instalments, but even so, its $342m reserve, put in place against the possibility of such a fine, more than covers the cost. ®

Related stories

Hynix makes $185m price-fixing confession to US DoJ
Hynix creditors to cede control early - report
Hynix ring-fences $342m against antitrust fines
WTO backs Hynix against EU on DRAM levies
WTO backs Korea in DRAM duty dispute
Mosaid, Hynix settle patent spat

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.