Samsung posts profit warning - bit-tech.net Forums

CardJoe · 27th Oct 2008, 12:28

http://www.bit-tech.net/news/2008/10...ofit-warning/1

The global economic downturn is hitting everyone hard, with Samsung posting a warning of 44 percent lower profits than expected prompting a 14 percent share drop.

salesman · 27th Oct 2008, 14:48

Well isn't this what was expected when the third quarter profit reports would come out? Now I don't think samsung is going to be the company that goes out of business, I think there's other that would go first within that aspect of things, but things are going to be hard for all consumer electronic companies this holiday season. Look at amd though, they didn't quit when intel had them beat, or when nvidia had them beat for that matter, its just not in the best of conditions that businesses want to do business in. Tough luck.

TheoGeo · 27th Oct 2008, 19:07

Samsung probably just feels that if the market continues to shrink the way it is at the moment, then it'll have no need to buy sandisk and even if it later decides to buy it out, it'll get a much better price a few months down the line.

27th Oct 2008, 12:28	#1
CardJoe Player Character bit-tech Staff Join Date: Apr 2007 Posts: 8,010	Samsung posts profit warning http://www.bit-tech.net/news/2008/10...ofit-warning/1 The global economic downturn is hitting everyone hard, with Samsung posting a warning of 44 percent lower profits than expected prompting a 14 percent share drop. __________________ this is joe's non-bit-tech blog

27th Oct 2008, 19:07	#3
TheoGeo What are these goddamn animals?! Join Date: Jun 2003 Location: Reading Posts: 2,205	Samsung probably just feels that if the market continues to shrink the way it is at the moment, then it'll have no need to buy sandisk and even if it later decides to buy it out, it'll get a much better price a few months down the line. __________________ My Deviance -- My Music Athlon X2 4400+ -- 2GB Corsair XMS -- Geforce 7800GT -- Abit AN8-SLI -- 24" BenQ fp241w -- 74 gig raptor -- 1.6TB total storage -- 530w tagan psu Even if you're on the right track, you'll get run over if you just sit there.

27th Oct 2008, 14:48	#2
salesman Multimodder Join Date: Apr 2007 Posts: 165	Well isn't this what was expected when the third quarter profit reports would come out? Now I don't think samsung is going to be the company that goes out of business, I think there's other that would go first within that aspect of things, but things are going to be hard for all consumer electronic companies this holiday season. Look at amd though, they didn't quit when intel had them beat, or when nvidia had them beat for that matter, its just not in the best of conditions that businesses want to do business in. Tough luck.