Samsung Electronics had good news for the world equity markets, telling investors that it would post a 37% increasing earnings over the first quarter of 2008.
The news wasn't so hot at consumer electronics competitor Toshiba Corp., which announced a 95% drop in profits.
So why the disparity? Let's tackle Toshiba first. Analysts knew this one was coming, as Toshiba made it plain that its exit from the HD-DVD market would trigger a short-term earnings hit.
That's exactly what happened - Toshiba beat feet out of the HD DVD market (which has given way to Blu-Ray DVD technologies in the video...
samsung electronicsSamsung, Toshiba Post Bi-Polar EarningsDaniWeb IT Discussion Community (Featured Entries) Mon, 04/28/2008 - 19:24
Sponsors of Olympic Torch Caught in Tibet ProtestsNYT > Business Fri, 03/28/2008 - 14:46
A string of planned protests centered around the Olympic torch relay is troubling news for sponsors of the event, including Coca-Cola, Lenovo and Samsung Electronics. |
