Feeds

DRAM price plunge hammers Hynix

Q1 revenues, profits slide

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

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

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

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.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.