Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 17 July 2007 16:57

Samsung DRAM profits lowest in 4 years

Written by David Stellmack


Image

Possible hostile take over


Samsung Electronics
has reported its smallest quarterly profit in four years, citing dramatic reductions in computer memory chip prices as the cause. Samsung earned a net profit of $1.55 billion in the second quarter, down 5% from one year ago. The strong DRAM market in 2006 encouraged manufacturers to continue to make the DRAM chips at high productivity levels, despite sluggish demand in 2007, which has contributed to an oversupply and steep price declines, estimated at more than 40%.

The Executive Vice President of Samsung’s investor relations, Chu Woosik, issued a statement that the results for next quarter should be much better, claiming that the market demand for dynamic random access memory (DRAM) chips (used in personal computers) should recover based on normal seasonal demand, along with strong sales of mobile phones and flat screens.

Samsung is considered by many investors to be the most valuable technology company outside of the U.S. and there is growing speculation that Samsung might become the target of a hostile takeover. An unidentified high-ranking Samsung executive apparently has released information that U.S. billionaire investor Carl Icahn and other hedge funds are preparing potential bids for the firm.

Samsung executive dismissed the speculation as idle rumors, but did issue a statement that the company is prepared to counter any such hostile takeover attempts.

Last modified on Tuesday, 17 July 2007 17:30
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments