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Edition: U.S. Article Comments (0) Global Technology Summit HTC to tap tablet boom with many models Nvidia head sees competition for iPad AOL says no thanks to private equity Orange backs Apple plan for smaller SIM card High costs may delay new wafer technology AOL expands local news network in U.S. Mobile generation upends tech AT&T plans consumer security service for 2012 ARM sees limited hit from quake, upbeat on prices Samsung sees better LCD performance Smartcard maker Gemalto bets on security Video: AOL’s Tim Armstrong talks tech Comment: Do you play online games? Follow Reuters Facebook Twitter RSS YouTube Read U.S. sues Starbucks for firing dwarf from barista job 17 May 2011 "Sperminator" Schwarzenegger scorned over love child 17 May 2011 UPDATE 1-Gingrich hits rough patch early in White House run 17 May 2011 Sex: Do international bodies look the other way? 1:00am EDT Sex: Do international bodies look the other way? 1:06am EDT Discussed 99 Texas county official says ”stupid” feds sparked fire 79 Israel-Palestinian violence erupts on three borders 65 Boehner says ready to cut budget deal today Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Boot camp for rebels in Libya Sun, May 15 2011 Making a case against Strauss-Kahn Tue, May 17 2011 Foxconn sees dramatic improvement in 2011 results, shares jump Tweet Share this By Lee Chyen Yee and Huang Yuntao HONG KONG (Reuters) - Foxconn International Holdings Ltd, the world's top contract cell phone maker, said it expects a "dramatic improvement" in its 2011 results, propelling its share price to log the biggest gain... Email Print Related News Intel chief says doesn't need ARM for mobile chips Tue, May 17 2011 HTC to tap tablet boom with many models Tue, May 17 2011 France Telecom grapples with costs Tue, May 17 2011 Samsung sees better LCD performance; no big investments Tue, May 17 2011 Analysis: Huawei lifts veil in bold bet on consumer gadgets Tue, May 10 2011 Analysis & Opinion Rent-a-Google Tech wrap: RIM’s Playbook recall Related Topics Technology Home » Hot Stocks » Asian Markets » Media » Foxconn workers walk on a footbridge outside a Foxconn factory building in the township of Longhua, in southern Guangdong province June 2, 2010. Credit: Reuters/Bobby Yip By Lee Chyen Yee and Huang Yuntao HONG KONG | Wed May 18, 2011 3:25am EDT HONG KONG (Reuters) - Foxconn International Holdings Ltd, the world's top contract cell phone maker, said it expects a "dramatic improvement" in its 2011 results, propelling its share price to log the biggest gain in more than a year. The money-losing company, which is due to be removed from Hong Kong's benchmark Hang Seng Index on June 7, has been struggling under a host of problems, including rising costs and labor issues that led to staff suicides at its China operations. Foxconn International's shares, which lost about 20 percent of their value since the start of the year, rose more than 13 percent intraday Wednesday, the biggest one-day jump since December 2009. The company said it was banking on the fast-growing smartphones and cost cuts to improve its bottomline. "Smartphones previously were a niche market. They have very much become mainstream products," Chairman Samuel Chin told a news conference on Wednesday after a shareholder meeting. "With regard to smartphones, as I mentioned to you before, our R&D expenses have continued to increase and I can assure you that a tremendously high amount of that expense is focused primarily on smartphones/tablets," he said. Foxconn International, whose customers include Nokia, Motorola Mobility Holdings Inc and Huawei Technologies Co Ltd, logged another loss for the second half of 2010 as the company struggled to regain its footing amid rising costs and falling prices. "The financial results clearly were a disappointment to the management team. We have taken steps to rectify the situation," Chin said. "It has created to a new sense of urgency for the management." Shipments of smartphones, which allow users to surf the Internet, take pictures, and send email as well as make phone calls, are expected to grow to 97.2 million units this year, up from 55.8 million last year, industry figures showed. A unit of Taiwan electronics giant Hon Hai Precision Industry Co Ltd, Foxconn International has struggled with a wave of labor unrest at its sprawling production facilities in China. (Editing by Chris Lewis) Technology Home Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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