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Samsung foresees rise in sales
Although the company gave no vindication for the anticipated performance, its shares rose 5.5%. Samsung’s forecasts are said to include the performance of its global subsidiaries, minus financial business. The company did not disclose its estimated quarterly consolidated net profit figure, nor its expected earnings on a parent basis.
Samsung posted a consolidated net profit of $4.65 billion last year, a steep sag from 2007’s $6.25 billion. The recently ended quarter’s results will be released July 24.
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User Comments (1)
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raybay
on July 6, 2009 9:15 AM |
And so is everybody else. It is part of the marketing game, and the efforts they owe their stockholders... After an 18 months of a disastrously poor down period, they can only go up. Samsung has always been amazingly cleaver during down times... This time, they have restructured all of their memory manufacturing plants, created an entirely new plan for solid state drives that includes 11 other major companies, and negotiated their way out of a number of oppressive contracts that were pulling Samsung and others down. They are building more memory, better flash products, new laptop and desktop hard drives, and a revitalized Laptop Division. You will see a lot more Samsung laptops in the stores by mid November. For top international companies, a downtime is a boon to their stockholders, and Samsung got out from under a number of oppressive contracts. |
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