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Samsung Electronics Co., Ltd. (SSNLF)

- Grey Market
  • 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
  • Jun. 17, 2013, 2:32 PM
    With the help of Qualcomm (QCOM) silicon supporting the LTE-Advanced standard, Samsung (SSNLF.PK) is set to release a version of the Galaxy S4 that can deliver twice the download speeds of current models. GigaOm isn't too impressed, pointing out Samsung appears to be adopting a simple version of LTE-Advanced that offers a technique for pooling spectrum bands (carrier aggregation). Meanwhile, Reuters points out many analysts have lowered their S4 sales estimates to ~7M/month from a prior ~10M/month, following order cut reports. That could be pressuring Universal Display's (PANL -1.5%) shares. Qualcomm has an early lead in supporting LTE-Advanced, but Broadcom (BRCM) and Nvidia (NVDA) aren't far behind (I, II).
    | Jun. 17, 2013, 2:32 PM | Comment!
  • Jun. 14, 2013, 2:16 PM
    "I can say sales of the Galaxy S4 smartphone are fine," says Samsung (SSNLF.PK) co-CEO Shin Jong-kyun in response to a JPMorgan report that did a number on Samsung shares. But he doesn't appear to refute the report's claim (based on checks) that Samsung has significantly cut S4 build orders; others have issued similar reports since. Jong-kyun also reiterates (previous) Samsung has no intention of joining HTC in settling with Apple (AAPL -1.5%). "Patent disputes against Apple will be [continued]."
    | Jun. 14, 2013, 2:16 PM | 11 Comments
  • Jun. 14, 2013, 5:59 AM
    Samsung has unveiled the Galaxy S4 Zoom (SSNLF.PK), a version of its new flagship phone that incorporates a 16MP camera with a 10x optical zoom. The 4.3" device is an attempt to show that it's possible to incorporate such a high-quality camera inside a phone while keeping the device slim enough to attract customers. It may also be an attempt by Samsung to gain market share in the digital camera market, where it remains well behind leading vendors such as Canon and Nikon. (previous)
    | Jun. 14, 2013, 5:59 AM | 1 Comment
  • Jun. 12, 2013, 11:47 AM
    Maxim joins JPMorgan and Susquehanna in reporting of Galaxy S4 weakness: analyst Ashok Kumar says Samsung (SSNLF.PK) is cutting shipments due to weak sales and rising channel inventory, and that checks indicate consumers are opting for the cheaper Galaxy S III. He thinks touch controller supplier Synaptics (SYNA -2.7%) could be affected; others possibly at risk include ATML, RFMD, BRCM, PANL, TQNT, ANAD, and SWKS. As far as suppliers go, much still depends on how much demand is simply shifting to mid-range phones, or to rival high-end devices such as HTC's One, Sony's Xperia Z, LG's Optimus G, and Lenovo's K900.
    | Jun. 12, 2013, 11:47 AM | 5 Comments
  • Jun. 10, 2013, 9:09 AM
    RF Micro (RFMD) +3.9% thanks to an upgrade to Strong Buy from Charter Equity. Shares fell on Friday following reports of Samsung (SSNLF.PK) Galaxy S4 build order cuts. Davidson defended RF Micro and rivals Skyworks (SWKS) and Avago (AVGO), claiming checks indicate S4 demand "has been as expected with the exception of possible slowing orders in Europe," and that any demand shortfall could be shifted to other phones.
    | Jun. 10, 2013, 9:09 AM | 2 Comments
  • Jun. 7, 2013, 10:04 AM
    Samsung (SSNLF.PK) suppliers are lower following reports the company has cut Galaxy S4 orders due to soft European/Korean demand, and is trying to lower sales expectations. In addition to Qualcomm, Audience (ADNC -6.5%), Skyworks (SWKS -2.2%), TriQuint (TQNT -1.4%), Universal Display (PANL -1%), and Synaptics (SYNA -5.1%) are off. Assuming the reports are accurate, one unanswered question is how much of the shortfall is due to weak industry demand (Cowen just claimed European smartphone sales are improving), and how much is due to a mix shift to cheaper phones and/or an intensely competitive Android phone market. If it's mostly the latter, some suppliers could still fare well.
    | Jun. 7, 2013, 10:04 AM | 2 Comments
  • Jun. 7, 2013, 5:06 AM
    Samsung's (SSNLF.PK) shares plummeted 6.2% in Seoul and wiped $12B off the company's market value, although it's still worth $188B. The plunge followed bearish analyst reports, with JP Morgan writing that Q3 Galaxy S4 shipments will probably disappoint and lead to lower-than-expected margins. JPM's supply chain checks show that Samsung has cut monthly orders by 20-30% to 7-8M units from 10M starting from July, due to weak demand in Europe and South Korea. (previously)
    | Jun. 7, 2013, 5:06 AM | 6 Comments
  • Jun. 6, 2013, 4:27 PM
    Samsung (SSNLF.PK) has been meeting with investors to temper Galaxy S4 expectations, and the consensus for Q2 and Q3 S4 sales has fallen to 20M/quarter from a prior 25M and 30M, writes Susquehanna. The firm adds Samsung is now placing a greater emphasis on mid-range sales (Chinese OEMs have been competing aggressively here), and sees lower S4 estimates as a negative for Broadcom (BRCM) and Maxim (MXIM). PANL, RFMD, SYNA, and ANAD could also be affected. On the flip side, Canaccord believes S4 sales have passed iPhone sales at Verizon, Sprint, and T-Mobile USA, and RBC offered an upbeat forecast last week.
    | Jun. 6, 2013, 4:27 PM | 8 Comments
Company Description
Sector: Technology
Country: Korea