Samsung Electronics Co., Ltd.(SSNLF)- Grey Market
  • Dec. 18, 2012, 10:57 AM

    A few Samsung (SSNLF.PK) suppliers are outperforming after Judge Koh denied injunction requests for every device Apple was seeking a ban on. PANL +4%. SIMG +2.7%. BRCM +3.1%. TQNT +2.3%. Of course, Cirrus Logic (CRUS +4.5%), which gets over 3/4 of its sales from Apple, is also having a nice day, adding to yesterday's rebound. Also: Samsung just unveiled the Galaxy Grand, an Android phone with a relatively low-res 5" OLED display.

    | Dec. 18, 2012, 10:57 AM
  • Dec. 18, 2012, 10:07 AM

    More on Samsung's patent suits: Florian Mueller notes Samsung (SSNLF.PK) has withdrawn its requests for injunctions against Apple (AAPL +0.4%) products in 5 EU suits, but will still seek monetary damages. All of the suits involve standards-essential patents: EU and U.S. regulators have both taken a critical view of using them to obtain sales bans. Samsung finished up 0.8% in Seoul, following other local equities higher. (California ruling)

    | Dec. 18, 2012, 10:07 AM
  • Dec. 18, 2012, 7:36 AM

    Samsung (SSNLF.PK) is reportedly withdrawing patent lawsuits against Apple in 5 EU countries. Overnight in the U.S. case, a judge refused Samsung's bid for a retrial. AAPL +1.2% premarket.

    | Dec. 18, 2012, 7:36 AM | 4 Comments
  • Dec. 17, 2012, 11:10 PM

    Judge Koh has refused to place injunctions on any of the 26 Samsung (SSNLF.PK) devices deemed to be infringing Apple's (AAPL) patents in this summer's California trial. Apple will undoubtedly appeal. The ruling involves older Samsung products, but will likely have implications for how newer products covered in another Apple suit in the same court are handled. Koh also dismissed Samsung's request to overturn the infringement verdict on grounds of jury misconduct. (court order - PDF)

    | Dec. 17, 2012, 11:10 PM | 5 Comments
  • Dec. 17, 2012, 10:04 AM

    Apple (AAPL -0.4%) is down just slightly in spite of Citi's downgrade: iPhone order cuts and soft regular iPad sales seem priced in with multiples soundly in value territory, and many analysts are making it clear they're still fans. Canaccord's Milke Walkley is the latest to slash estimates (though reiterating a Buy), citing "softer sales expectations in international markets, primarily in Europe." Included in the Citi downgrade is U.S./U.K. survey data noting a growing consumer preference for bigger displays: 47% of iPhone owners said their preferred screen size is 4.1"-4.5".

    | Dec. 17, 2012, 10:04 AM | 14 Comments
  • Dec. 16, 2012, 9:37 PM

    More on Apple: Shares could be pressured by a downgrade to Neutral from Citi. The firm says checks indicate Apple has cut its March quarter iPhone 5 orders following a 45%-50% increase in monthly output from October to December. UBS recently said checks suggested the iPhone 5's build rate would fall sharply in the March quarter, while Jefferies claimed iPhone component suppliers saw big order cuts last week. Citi, which started Apple at Buy on Nov. 26, also thinks Samsung is doing very well. Update: Morgan Stanley responds by pointing to encouraging U.S. iPhone/iPad survey data. But a gap has opened up between U.S. and foreign iPhone share trends.

    | Dec. 16, 2012, 9:37 PM | 51 Comments
  • Dec. 14, 2012, 11:53 AM

    Micron (MU +2.6%) is trekking higher after receiving an upgrade to Buy from Drexel Hamilton, which cites improving DRAM spot memory prices. Digitimes is out with another column today (previous) reporting of a spot price rebound: it notes DRAMeXchange believes the spot price for 2Gb DDR3 PC chips has risen 14.6% this month, as capacity is shifted to server and (especially) mobile DRAM. Micron's gains come even though many Apple suppliers are off - Micron is about to become an iPhone supplier through the Elpida deal.

    | Dec. 14, 2012, 11:53 AM
  • Dec. 13, 2012, 6:52 PM
    Freescale (FSL) CEO Gregg Lowe says he doesn't see any evidence global chip sales will soon rebound, even though Q4 is set to be the 6th straight quarter of Y/Y shipment declines. Gartner is slightly more positive, forecasting industry sales will rise 4.5% in 2013 after falling 3% in 2012. Rising NAND flash memory and ASIC sales, fueled by respective 33% and 38.5% increases in smartphone and tablet shipments, are expected to drive the increase, even as PC sales remain weak.
    | Dec. 13, 2012, 6:52 PM
  • Dec. 12, 2012, 1:01 PM

    Is Apple (AAPL) behind an effort to build a giant chip plant in upstate New York? On behalf of an unnamed tech manufacturer, Deloitte has been pitching officials on a plant that could cost ~$10B to build, the Albany Times Union recently reported. Speculation has revolved around Apple, which is widely believed to be planning to migrate app processor production from Samsung to TSMC (TSM). TSMC has said it could build a plant dedicated to a single client, though Qualcomm could fit that bill as easily as Apple.

    | Dec. 12, 2012, 1:01 PM | 2 Comments
  • Dec. 11, 2012, 11:23 AM

    Samsung (SSNLF.PK) won't be launching the Galaxy S IV at CES next month, CNET reports - yesterday's CES teaser video release had fueled plenty of speculation on that subject. Instead, the electronics giant will primarily use CES to promote new TV products, and showcase its mobile offerings at a later event.

    | Dec. 11, 2012, 11:23 AM
  • Dec. 10, 2012, 4:12 PM

    Is Samsung's (SSNLF.PK) Galaxy S IV launching at CES next month? A teaser video tells viewers to "get ready" for "something new" arriving Jan. 8-11, but doesn't give details. A September Korea Times article talked of a February launch, but Samsung dismissed it. Rumors (I, II) have suggested the S IV will feature 5" 1080p OLED display, and that it will use "unbreakable" plastic. Samsung has shipped over 30M Galaxy S III units, a boon for component suppliers such as BRCM, MXIM, and SWKS - Samsung is hoping a big software update will help maintain its momentum.

    | Dec. 10, 2012, 4:12 PM | 1 Comment
  • Dec. 7, 2012, 12:29 PM

    Spot prices for PC DRAM rebounded a bit over the last few days following months of declines, buoyed by efforts to cut output in the face of slumping PC demand. Samsung (SSNLF.PK) and SK Hynix both plan further production cuts in 2013 - as it is, Samsung now only allocates 30% of its DRAM output to PC chips, which much of the rest focused on the fast-growing and higher-margin mobile DRAM market. Micron (MU) shares seem to have priced in some good news in recent weeks.

    | Dec. 7, 2012, 12:29 PM
  • Dec. 7, 2012, 10:30 AM
    Following yesterday's hearing, Judge Koh appears set to reduce the $1.05B jury verdict levied against Samsung (SSNLF.PK) in its California trial against Apple (AAPL). "I think it's time for global peace," said Koh, who plans to issue several rulings related to the trial in the coming weeks. Samsung is demanding a new trial, claiming it didn't get a fair shake due to the fact jury foreman Velvin Hogan was once sued by Seagate, among other issues.
    | Dec. 7, 2012, 10:30 AM | 11 Comments
  • Dec. 6, 2012, 2:52 PM

    More on Apple: 1) China Mobile's (CHL) CEO suggests his company's lack of an iPhone deal has to do with deal terms rather than its TD-SCDMA 3G network. 2) IDC claims Apple's Chinese smartphone rank fell to #6 in Q3. Samsung was first, followed by fast-growing local Android OEMs Lenovo and Coolpad. The iPhone 5 launches in China on Dec. 14. 3) As Tim Cook declares some iMacs are being made in the U.S., Foxconn says it will expand its North American production.

    | Dec. 6, 2012, 2:52 PM | 10 Comments
  • Dec. 6, 2012, 11:17 AM
    Beaten-down Universal Display (PANL +9.6%) is up sharply. A likely reason: a Reuters column discussing expectations Samsung's (SSNLF.PK) Galaxy S IV will feature an "unbreakable" plastic display. That suggests the use of PANL's flexible OLED tech. Shares were crushed in November thanks to a Q3 miss blamed on Samsung's decision to hold off on ramping the use of PANL's green materials in its OLED displays. 30.7% of the float was shorted as of Nov. 15. (also: I, II)
    | Dec. 6, 2012, 11:17 AM
  • Dec. 6, 2012, 10:26 AM

    More on Apple: A well-redacted copy of the HTC patent deal has been published. The deal covers a variety of Apple (AAPL) software patents, such as the one related to a pinch-to-zoom implementation, but leaves out Apple's design patents and (like the Microsoft cross-licensing deal) features an anti-cloning provision. That leaves Apple some wiggle room to continue pushing for huge damages and injunctions in its battles with Samsung (SSNLF.PK), as the California trial resumes.

    | Dec. 6, 2012, 10:26 AM
Company Description
Sector: Technology
Industry: Semiconductor - Broad Line
Country: Korea