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Article: Korea : Samsung upbeat on 2010 after record Q3 profit.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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: pinto03
Samsung Electronics, the world's top maker of memory chips and LCD screens, gave a robust outlook, signalling bigger players are set to further widen the gap over smaller firms in a tech sector recovery.
The South Korean company, along with home rival LG Electronics, has made a spectacular turnaround this year, grabbing market share from the likes of Sony, which reported a loss for the fourth straight quarter on Friday.
"I don't see any risk in Samsung's competitiveness and there's zero chance supplies will rise significantly," said Song Myung-sup, an analyst at HI Investment & Securities. "But the macroeconomy remains a factor ...