'저는 그들의 땅을 지키기 위하여 싸웠던 인디안들의 이야기를 기억합니다. 백인들이 그들의 신성한 숲에 도로를 만들기 위하여 나무들을 잘랐습니다. 매일밤 인디안들이 나가서 백인들이 만든 그 길을 해체하면 그 다음 날 백인들이 와서 도로를 다시 짓곤 했습니다. 한동안 그 것이 반복되었습니다. 그러던 어느날, 숲에서 가장 큰 나무가 백인들이 일할 동안 그들 머리 위로 떨어져 말과 마차들을 파괴하고 그들 중 몇몇을 죽였습니다. 그러자 백인들은 떠났고 결코 다시 오지 않았습니다….' (브루스 개그논)





For any updates on the struggle against the Jeju naval base, please go to savejejunow.org and facebook no naval base on Jeju. The facebook provides latest updates.

Monday, July 6, 2009

Text Fwd: Samsung's Operating Profit to Jump 5-Fold


* Image source: same as above

Korea Times
07-06-2009 17:41 Samsung's Operating Profit to Jump 5-Fold By Kim Yoo-chul, Staff Reporter

Samsung Electronics is expected to see its second-quarter operating profit to soar fivefold from the first quarter.

Since Samsung is often regarded as the bell-weather for the economy, its performance may be a harbinger of a recovery in other sectors.

According to Samsung officials and analysts, its quarterly operating profit will reach between 2.2 trillion won ($1.7 billion) and 2.6 trillion won.

The estimate by far exceeds the 470 billion won recorded for the first-quarter on sales of 28.67 trillion won.

In a regulatory filing, it reported its April-June sales as between 31 trillion won and 33 trillion won.

The consolidated numbers include performances from overseas affiliates and are preliminary, according to the Suwon, Gyeonggi Province-based company.

Explaining the gap between the projection and the real figure, Samsung said its first-time earnings guidance was conservative but reflected the economic situation at that time.

Samsung will announce its second-quarter earnings on July 24. It plans to make public preliminary earnings estimates ahead of official announcements for the coming quarters.

"Steady cost-cutting efforts, solid leadership in mobile phones and an increased global share in TVs paid off," Citigroup said in a note to clients.

"Samsung's components businesses — memory chips and LCDs — will show a strong turnaround in the second quarter, raising hopes for the continuation of brisk performances," the U.S.-based brokerage said.

Company shares have risen 39 percent so far this year, outperforming the 27-percent average advance on the main KOSPI.

Tech firms are looking at an up-tick with the global economy showing signs of recovery.

Samsung's bottom line in the recent quarters has been dented, due to a slump in memory chip prices, and sluggish demand for consumer products from televisions to mobile phones.

Although some analysts are skeptical whether Samsung's strong forecast signaled a full recovery for IT-related industries, some key companies are also positive about their second- quarter earnings.

A spokesman of LG Display said the company will see a turnaround in profit in the latest quarter, while Hynix Semiconductor said the operating loss of the world's No. 2 memory chip company will significantly be reduced.

LG Electronics officials said it will post between 800 billion won and 1 trillion won in quarterly operating profits, on consolidated sales of 15 trillion won.

yckim@koreatimes.co.kr

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