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Articles tagged with: quarter

Samsung Combines Display & Semiconductor Businesses

According to the Wall Street Journal, Samsung will combine its flat-panel display and semiconductor businesses into a single unit. What’s the reason? Well, Samsung didn’t have too good of profits during its first quarter, and mediocre performance during its second quarter.

However, when you combine the two businesses, the semiconductor aspect of Samsung made up 70% of Samsung’s operating profits and 44% total of the company’s revenue. Those are some pretty impressive statistics, and allows its flat-panel display business to piggy back off the semiconductor manufacturing successes.

Nvidia Analyst Pleads Guilty To Insider Trading

Former Nvidia financial analyst and 39 year old Sonny Nguyen pleaded guilty today to a criminal charge. Nguyen pleaded guilty to tipping a former Global Research consultant about Nvidia’s quarterly financial results before they were announced to the public. He claimed to have done this both in 2007 and 2008. Nguyen was released on a $100,000 bond but is expected to testify at the trial.

He is among at least 14 people who have been charged in the investigation and pleaded guilty to a charge of conspiracy to commit wire fraud and securities fraud. I suppose Nguyen was looking for a lighter sentence by pleading guilty and spilling the beans. He said,

LG Announces Company’s Strong Quarter

LG has recently come forth to say that it has turned a new corner with the sales of flat panels and operating profits up. The company believes that an aggressive product line-up in televisions will continue to fuel profits. The company saw its first operating profit in early of 2010. LG feels confident that the Cinema 3D TV range and its Smart TVs will be the driving force of product sales.

The company has seen success, largely due to its cost-cutting efforts and are currently in a 73.1 million USD profit in the first quarter.