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SSNLF.PK

Samsung Elect Ltd(F)

6/19/2013, 2:49 PM ET

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Wednesday, June 19, 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. Comment! [Tech]
Wednesday, June 19, 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. Comment! [Tech]
Wednesday, June 19, 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. 4 Comments [Tech, Consumer]
Monday, June 17, 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). Comment! [Tech]
Friday, June 14, 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]." 10 Comments [Tech]
Friday, June 14, 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) 1 Comment [Tech, Consumer]
Wednesday, June 12, 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. 4 Comments [Tech]
Monday, June 10, 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. 2 Comments [Tech, On the Move]
Friday, June 7, 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. 2 Comments [Tech, On the Move]
Friday, June 7, 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) 6 Comments [Tech, On the Move, Top Stories, Consumer]
Thursday, June 6, 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. 8 Comments [Tech]
Tuesday, June 4, 5:53 PM In a slight reversal of fortune, the ITC has ruled AT&T's versions of the iPhone 3GS (AAPL) and iPhone 4, and the 3G versions of the iPad 1 and 2, violate a standards-essential Samsung (SSNLF.PK) patent, and has issued a limited U.S. ban order. The ruling, which only covers 3G Apple hardware not relying on Qualcomm (QCOM) baseband chips, is final, but Apple can appeal to a federal court and/or ask the White House to intervene. Apple might also demand the patent be licensed under FRAND terms. U.S. iPhone 4 sales are still meaningful (for a few more months, anyway), but 3G iPad 2 sales are likely miniscule, and the 3GS and original iPad have been discontinued. AAPL -0.7% AH. (official ruling) 23 Comments [Tech]
Monday, June 3, 5:16 PM Samsung (SSNLF.PK) launches 8" and 10.1" models for its Galaxy Tab 3 to complement the 7" model launched in April. The 10.1" model reportedly sports an Intel Clover Trail+ CPU, but no supplier is named in the PR. Samsung tries to differentiate the 8" model through a "reading mode" display-optimization feature. In spite of tough competition from the iPad (still has a big lead in tablet-specific apps), the Kindle Fire, and the Nexus 7, IDC estimates Samsung's tablet share rose to 17.9% in Q1 from 15.1% in Q4 and 11.3% a year earlier. Shipments are believed to risen nearly 4x Y/Y to 8.8M, aided by the tablet market's torrid growth. 2 Comments [Tech]
Sunday, June 2, 5:04 AM The ITC has delayed until Tuesday a verdict on whether Apple (AAPL) has breached Samsung (SSNLF.PK) patents in the iPod Touch, iPhone and iPad. The ITC, which was supposed to have ruled on Friday, didn't provide a reason for the postponement. In a preliminary decision in September, an ITC administrative law judge cleared Apple of violating the IP. 13 Comments [Consumer, Tech]
Friday, May 31, 10:36 AM The Chinese government will reportedly end a TV subsidy program in June, a move likely to hurt sales in a market whose strong demand has been offsetting U.S./European weakness. The program, launched in June '12, provided subsidies of $16-$65 for local TV purchases. Manufacturers and suppliers that could be affected: SNE, SSNLF.PK, GLW, AUO, LPL, STM. 2 Comments [Tech]
Thursday, May 30, 7:02 PM Galaxy S4 sales will top 20M in Q2 and 80M by year's end, estimates RBC, citing checks indicating strong U.S. demand. If Samsung (SSNLF.PK) pulls that off, it would be on its way to hitting its target of 100M lifetime sales. RBC also expects industry smartphone sales to rise 27% this year to 870M, and 20% in 2014 to 1B+. Meanwhile, a Russian site reports Samsung's June 20 London event will reveal the Galaxy S4 Zoom, a 4.3" phone sporting a 16MP camera with a 10x optical zoom, and the Galaxy S4 Active, a water/dust-proof S4 variant sporting a Qualcomm (QCOM) Snapdragon 600 CPU. Samsung's just-launched S4 Mini uses a Snapdragon 400. Other S4 suppliers: PANL, SYNA, ATML, RFMD, BRCM, ANAD, SWKS, TQNT. 8 Comments [Tech]

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