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Samsung Electronics Co., Ltd. (SSNLF)

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  • Jul. 5, 2013, 2:07 AM
    Samsung's (SSNLF.PK) shares slide 3.95% in Seoul after its Q2 operating profit projection of 9.5T won ($8.3B) misses consensus of 10.16T won. The company expects sales of 56-58T won, up from 47.60T won a year earlier but below analyst forecasts of 58.6T. In addition to the earnings miss, analysts are concerned about slowing handset sales and falling margins due to intense competition at the lower-end of the market. Still, Samsung has lots of businesses, and prices of memory chips are expected to remain strong.
    | Jul. 5, 2013, 2:07 AM | 5 Comments
  • Jul. 4, 2013, 8:23 PM
    Samsung (SSNLF.PK) guides for a record quarterly operating profit of ~$8.3B (+47% Y/Y) for the April-June period. The projection is below analysts' consensus. Full results are due July 26.
    | Jul. 4, 2013, 8:23 PM | Comment!
  • Jul. 3, 2013, 1:09 PM
    Samsung (SSNLF.PK) has bought Web streaming set-top/DVR maker Boxee for ~$30M, TechCrunch and Israeli site The Marker report. Boxee, reported to be looking for funding or a buyer last month, made some noise last fall by launching a $99 set-top featuring dual TV tuners, mobile streaming options, and (with a subscription that now goes for $10/month) unlimited cloud DVR storage. But sales have been light in the face of competition from Roku, Apple, and others. Look for Samsung to integrate Boxee's offerings with its TV and mobile lineups - the Galaxy S4 already has some living room-focused features.
    | Jul. 3, 2013, 1:09 PM | Comment!
  • Jul. 3, 2013, 11:22 AM
    Samsung (SSNLF.PK) is set to announce Galaxy S4 shipments have topped 20M, reports Korean news site iNews24. If true, that would mean the milestone was reached a little over 2 months after sales began, and about 5 weeks after shipments crossed 10M. For reference, it took 100 days for Galaxy S III shipments to top 20M. Though shipments could be notably higher than end-user sales if channel inventory is building up, the report (if accurate) might soothe fears of weak demand (spurred by multiple build order cut reports) a little bit. Suppliers with strong exposure: QCOM, BRCM, SYNA, RFMD, ANAD, OLED.
    | Jul. 3, 2013, 11:22 AM | 2 Comments
  • Jun. 29, 2013, 3:29 PM
    The WSJ is the latest in a long line of news sources to report Apple (AAPL) is moving some app processor production to TSMC (TSM) from Samsung (SSNLF.PK). Like Digitimes recently, the WSJ reports TSMC will start mass-producing an Apple CPU that uses its next-gen 20nm process in early 2014. Other details: 1) Though Apple wants to be less dependent on Samsung, the company will still be Apple's main app processor foundry in 2014, and continues to supply memory chips and iPad LCDs (previous). 2) The move to TSMC has been slowed by "glitches" preventing TSMC's chips from meeting Apple's speed/power needs. 3) Apple offered to invest in TSMC or pay for dedicated capacity, but (in-line with a 2012 Bloomberg report) TSMC rejected the offers in the name of staying independent. (previous)
    | Jun. 29, 2013, 3:29 PM | 11 Comments
  • Jun. 28, 2013, 1:57 PM
    Thanks to surging mobile demand, Micron (MU +0.4%) is shifting 20K wafers of capacity from DRAM to NAND flash production, and M&A target Elpida is adding fresh mobile DRAM capacity, Digitimes reports. Also, Rexchip (89%-owned by Micron/Elpida) is believed to be shifting capacity to mobile DRAM. The report comes shortly after IHS predicted the mobile DRAM market will be bigger than the PC DRAM market in 2015 ($11.6B vs. $9.9B), and that DRAM wafer output will drop another 5% in 2013 thanks to consolidation. Meanwhile, Morgan Stanley notes DRAM demand from Asian PC OEMs remains weak, and that inventories are high. The reports also have implications for rivals Samsung (SSNLF.PK) and SanDisk (SNDK). (previous: I, II)
    | Jun. 28, 2013, 1:57 PM | Comment!
  • Jun. 27, 2013, 9:51 AM
    More on Apple: 1) Fresh details about iOS 7: it supports head-tilting gestures (echoes of Samsung's Smart Scroll) and new enterprise features, including the ability to control which apps/accounts can open a document, and the ability to let apps automatically connect to a VPN. 2) Apple won't be able to add the Galaxy S4 to its new Northern California suit against Samsung (SSNLF.PK). Apple has already included dozens of older Samsung devices in the suit. 3) Apple's new ad (video) had the lowest effectiveness score of the last 26 ads the company has released, according to a study from ad measurement firm Ace Metrix.
    | Jun. 27, 2013, 9:51 AM | 16 Comments
  • Jun. 27, 2013, 7:10 AM
    Smart TVs and 50-inch LCD TVs are selling well in Taiwan, according to Digitimes. Industry analysts see broad strength for Smart TVs in Asia with penetration rates tipped to go as high as 50% in China in 2014. Sellers: Samsung (SSNLF.PK), Sharp (SHCAY.PK), Panasonic (PC), Sony (SNE).
    | Jun. 27, 2013, 7:10 AM | 1 Comment
  • Jun. 26, 2013, 10:50 AM
    Samsung (SSNLF.PK) has decided to pull in a new NAND flash memory fab, Cowen reports. SanDisk (SNDK +1.8%) and Micron (MU +2.5%), whose shares have already rallied on expectations of a favorable memory supply/demand balance, are outperforming today. The opposite holds for some chip equipment makers: AMAT -1.9%. KLAC -0.6%. LRCX -1.5% in spite of BofA/Merrill's 2-notch upgrade to Buy. The firm expects an up cycle in 2014 (Gartner seems to agree), fueled by higher memory spend and the adoption of technologies such as 3D NAND and FinFET (3D) transistors. CLSA upgraded Lam yesterday.
    | Jun. 26, 2013, 10:50 AM | 1 Comment
  • Jun. 25, 2013, 5:28 PM
    Samsung (SSNLF.PK) is in talks to settle charges from the EU's antitrust regulator that it's improperly using a standards-essential 3G patent (required to be licensed under FRAND terms) in its legal battle with Apple, Reuters reports. Congress and the FTC have also been probing the use of standards-essential IP in patent suits. Reuters' report comes 3 weeks after the U.S. ITC ruled AT&T's versions of the iPhone 3GS and 4 infringe a standards-essential Samsung patent.
    | Jun. 25, 2013, 5:28 PM | Comment!
  • Jun. 24, 2013, 6:21 PM
    Samsung (SSNLF.PK) roundup: 1) In a sign of the times, Samsung is exiting the desktop PC market to focus on notebooks/convertibles. The move comes with IDC forecasting PC shipments will fall 7.8% this year. 2) Samsung is pricing its Galaxy Tab 3 line aggressively: 10", 8", and 7" models will respectively go for $399, $299, and $199. The company's tablet share has been growing rapidly. 3) Wedge Partners adds its name to the list of firms reporting Galaxy S4 production cuts (previous): the firm thinks tough competition and a saturating high-end smartphone market has led Q3 orders to be cut to 30M from 40M. Update: Samsung denies it's exiting the desktop market, countering the Korea Times' article.
    | Jun. 24, 2013, 6:21 PM | 2 Comments
  • Jun. 20, 2013, 2:53 PM
    More on Samsung: The electronics giant is refreshing its Ativ Windows touch hardware line, officially launching its Galaxy S4 Zoom and Active phones, and unveiling a high-end, Android-based camera (the Galaxy NX). The Ativ Q is the most interesting new Ativ model: it sports a Haswell-based Intel (INTC) Core i5 CPU, runs both Windows 8 (MSFT) and Android (GOOG), allows data to be shared between the two OS', and has a very high-res (3200x1800) 13.3" display. The NX has a 4G modem and a 4.8" display for running Android apps, and lets users swap lenses. (live blog)
    | Jun. 20, 2013, 2:53 PM | 2 Comments
  • Jun. 20, 2013, 2:07 PM
    Samsung (SSNLF.PK) confirms the launch of a Galaxy S4 model that doubles peak download speeds by supporting a basic version of the LTE-Advanced standard. Perhaps just as interestingly, the new model uses a processor from Qualcomm's (QCOM -1.3%) high-end Snapdragon 800 (2.3 GHz., quad-core) line, current models use either a Snapdragon 600 or Samsung's Exynos 5 Octa. Design win activity for the 800 appears strong - the rumor mill indicates an 800 chip will go into Samsung's Galaxy Note 3, as well as pending Nokia and Sony hardware. Benchmarks (I, II) show the 800 trouncing the Octa and even Apple's A6X CPU (used in the 4th-gen iPad).
    | Jun. 20, 2013, 2:07 PM | Comment!
  • Jun. 19, 2013, 2:01 PM
    Ahead of Micron's (MU +0.4%) afternoon FQ3 report, Charles Kau, the chairman of Micron's Inotera JV, predicts the current DRAM shortage will last through 2015, thanks to controlled expansion and surging mobile DRAM usage. Kau expects DRAM demand to outstrip supply by 3% in 2013, 5%, in 2014, and 7% in 2015. Those numbers back up recent comments from Credit Suisse, which declared the DRAM industry is seeing structural improvements following a wave of consolidation around Micron, Samsung (SSNLF.PK), and SK Hynix. Analyst commentary on Micron has been very positive going into earnings, but a lot of good news has been priced in.
    | Jun. 19, 2013, 2:01 PM | 1 Comment
  • Jun. 19, 2013, 10:56 AM
    Mark Zuckerberg (FB) asked Samsung (SSNLF.PK) to build a "Facebook-friendly" phone during his visit, but Samsung is cool to the idea,  The Korea Herald reports. "Samsung doesn’t want to help nurture a second Google," says one source. The fact the HTC First (comes with Facebook Home built-in) hasn't exactly been a smash hit might also influence Samsung's thinking.
    | Jun. 19, 2013, 10:56 AM | 1 Comment
  • Jun. 19, 2013, 1:55 AM
    Facebook (FB) CEO Mark Zuckerberg has discussed potential partnerships with Samsung (SSNLF.PK) President Shin Jong Kyun as the U.S. company looks to boost advertising sales on mobile devices. The firms already seem to have a decent relationship, with Samsung being among the first device makers to feature Facebook's Home software on its handsets. Meanwhile, Facebook intends to invest more in Korea and serve as a platform for startups.
    | Jun. 19, 2013, 1:55 AM | 4 Comments
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Company Description
Sector: Technology
Country: Korea