Jul 20, 2001 South Korea's Samsung Electronics said on Friday it expects demand in dynamic random access memory (DRAM) chips to stay below supply until the fourth quarter of the year.
Samsung vice-president for memory product marketing Kim Il-ung made the comment during an interview with reporters.
The world's largest computer memory chip maker on Friday posted a second-quarter net profit of 880 billion won ($675.8 million).
That was above analysts' forecasts but down from 1.24 trillion in the first quarter.
Sales in the second quarter fell to eight trillion won, down seven percent.
Samsung shares closed down 1,000 won at 176,000 but outperformed a 1.47 percent slide in the benchmark index.
($1=1302.0 won)
Samsung Electronics Co., Ltd., with 1999 sales revenue of US$22.8 billion is a world leader in the electronics industry. Headquartered in Korea, the company has operations in about 50 countries with 54,000 employees worldwide. The company consists of three main business units: Digital Media, Semiconductors and Information & Communications Businesses.
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