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Article: Another profitable quarter for Hynix.(Business)(The company benefits from a recovery in the computer chip industry)
- Article from:
- The Register Guard (Eugene, OR)
- Article date:
- February 18, 2004
CopyrightCOPYRIGHT 2004 The Register Guard. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: From Register-Guard and news service reports
Hynix Semiconductor Inc., the world's third-largest maker of computer memory chips, will probably earn its first consecutive quarterly profit on record because of a rebound in demand, analysts said.
Fourth-quarter net income, to be announced Thursday, will be $62 million, compared with a $779 million loss in the same period of 2002, according to the median estimate of five analysts surveyed by Bloomberg News.
Operating profit will be $60 million from a year-earlier loss and sales will rise 48 percent to $940 million, according to the survey.
Hynix has a 900-employee computer chip ...