Samsung's Net Falls 46% on Chip, Cellphone Margins

Samsung Electronics Co. reported a 46% drop in second-quarter net profit, in line with expectations, as margins tightened for its two biggest products -- cellphones and memory chips.
Samsung executives reiterated earlier forecasts for a stronger second half of te year, citing a leveling off in the price of memory chips used in computers and strong demand for the chips used in digital cameras and music players.

Posted: Thu - July 14, 2005 at 11:44 PM