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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Obama and Congress to try reaching spending-cut deal | 1:08am EDT Japan tackles hydrogen build-up, radiation concerns spread | 12:56am EDT Ouattara forces lay siege to Ivory Coast's Gbagbo | 1:29am EDT Maine legalizing switchblades for one-armed people 06 Apr 2011 Dish expands its scope with Blockbuster win 06 Apr 2011 Discussed 112 U.S. to reach debt limit by May 16: Geithner 78 Stumbling blocks remain in budget fight 71 US Republican budget plan would cut $5.8 trln in 10 yrs Watched Robotic bird takes flight into the future Mon, Apr 4 2011 High price for a government shutdown Wed, Apr 6 2011 Cisco's mea culpa Tue, Apr 5 2011 small business Is social media the elephant in the room? GoDaddy founder Bob Parsons caused a stir when he posted a video of him killing an elephant on Twitter. It's the latest example of the inherent dangers of social media and small businesses should take heed to avoid pulling a "Parsons." Full Article Managing elephant-sized social media blunders The do's and don'ts of securing a domain name 5 signs you need a marketing makeover Samsung profit tumbles to near 2-year low, chips to fuel rebound Tweet Share this By Miyoung Kim SEOUL (Reuters) - Profits at Samsung Electronics are set to rebound on a recovery in the memory chip market after operating profit fell to its lowest level in almost two years in the first quarter on tumbling flat screen and TV... Email Print Related News Samsung's profit may disappoint but chip outlook positive Tue, Apr 5 2011 UPDATE 5-Supply concerns grow as Japan lacks parts, power Fri, Mar 18 2011 Japan plays down joint G7 yen move, could act alone Thu, Mar 17 2011 UPDATE 5-FedEx offers strong outlook for this qtr, beyond Thu, Mar 17 2011 Japan blames yen spike on speculators Thu, Mar 17 2011 Analysis & Opinion Tech wrap: YouTube changing the channel? Welcome to MuniLand Related Topics Technology » Media » iPad » Stocks By Miyoung Kim SEOUL | Thu Apr 7, 2011 12:57am EDT SEOUL (Reuters) - Profits at Samsung Electronics are set to rebound on a recovery in the memory chip market after operating profit fell to its lowest level in almost two years in the first quarter on tumbling flat screen and TV prices. While the outlook for the world's top maker of memory chips and flat screens will improve in the second quarter, the South Korean firm faces fierce competition for its smartphone and tablet PCs from the likes of Apple Inc. "The memory chip sector will lead Samsung Electronics' earnings recovery, but we are more cautious on their finished products like handsets, tablet PCs and televisions," said Lee Min-Hee, a senior analyst at Dongbu Securities. "Smartphone and tablet PCs are struggling due to competition from Apple, and television demand is also slow." Samsung is the first major Asia technology firm to release quarterly earnings estimates after the March 11 earthquake and tsunami in Japan raised uncertainty about the long-term effects of the disaster on manufacturers. Disruptions to the global supply chain threaten to create bottlenecks in some key components for Japanese factories and analysts say South Korean companies such as Samsung, Asia's most valuable technology firm with a market value of around $142 billion, may benefit as customers look for new suppliers. "It's hard to predict whether the net effect of the quake on Samsung will be plus or minus at the moment, but with the yen under pressure, Japanese manufacturers could strongly rebound and take the momentum back as we approach the second half of the year," said Jung Kyun-sik, a fund manager at Eugene Asset Management, which owns Samsung shares. "For Samsung, the level of risks is rising -- the won is getting stronger and all its businesses but chips are facing a negative business environment." The won rose as high 12.66 per yen on Thursday, its highest level against the Japanese currency since May 2010. Samsung estimated its January-March operating profit would be in a range of 2.7 trillion won to 3.1 trillion won ($2.5 billion to $2.8 billion). That is below the 3.2 trillion won consensus by Thomson Reuters I/B/E/S. But the middle of Samsung's range is in line with StarMine SmartEstimates, which places more weight on recent forecasts by top-rated analysts and expected 2.9 trillion won. That would be Samsung's lowest profit since the second quarter of 2009, and a fall of 34 percent from a year ago and 4 percent from the preceding quarter. It estimated sales at 37 trillion won. Samsung shares fell about 0.7 percent on Thursday, in line with a selloff in the broader market. The stock has fallen 9 percent from a record high hit in late January, lagging a 1 percent rise in the benchmark KOSPI. The guidance comes before detailed quarterly results in late April. CHIP OUTLOOK BRIGHTER 1 2 Next Technology Media iPad Tweet this Share this Link 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. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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