S. KOREA : SAMSUNG OFFICES RECEIVE BOMB THREAT

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Date: Thursday May 5, 2011 07:07:15 am
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    S. KOREA : SAMSUNG OFFICES RECEIVE BOMB THREAT

    Employees at Samsung across southern Seoul had a rather intense day as an unknown email revealed that a bomb was set to blow up various key buildings. According to Korea news, Samsung’s affiliate received an email around 4:30 a.m. from a sender named ‘Dilara Jahednai’.


    The email said that that there was a threat to blow up Samsung’s headquarters between the 2nd and 6th of May. It also stated that Seoul embassies in Egypt, Jordan, Syria, Pakistan, Turkey, Saudi Arabia, Iran and Oman were also targets of bombings. The very same day, police were sent to check carious garages and offices of Samsung Electronics, Samsung Life Insurance as well as Samsung C&T, although nothing suspicious was found during the search. The three buildings are part of the ‘Samsung Town’ which is home to over 10,000 workers.

    Samsung Electronics Chairman Lee Kun-hee worked at the headquarters despite of the bomb threat. A Samsung representative added, “The Samsung chairman is safe, though Samsung received an emailed bomb threat against our key buildings. He was briefed on the situation and when he arrived to work at 8:00 am and later decided to have lunch with Samsung’s financial unit”

     

    http://http://www.totaltele.com/view.aspx?ID=464420
    Samsung Electronics Q1 net falls 30%, outlook remains challenging
    South Korean vendor’s mobile handset unit remains bright spot in latest quarterly results.

    Samsung Electronics Co. said its first quarter profit fell 30% to KRW2.78 trillion, or $2.6 billion, as its TV-component business tumbled into the red and semiconductors and TVs brought smaller profits amid weakening demand.

    Samsung’s investor relations chief Bob Yi forecast the challenging business conditions will persist in the quarters ahead, noting some risks surrounding the global economy, intensifying competition in the overall set businesses and the local currency volatility.

    "For the second half, we expect some positive factors, such as demand increase for semiconductor products and LCD panels, due mainly to strong seasonality in the IT industry, as well as increasing contribution from the OLED panel business. However uncertainties regarding the global economy and currency volatility still remain with us," Bob Yi told investors during the company’s conference call following its first-quarter results.

    Click here to find out more!Yi also said the overall technology industry may face supply shortages of some components following the recent massive earthquake in Japan, but said the disaster will only have a "minimal" negative impact on the company’s businesses as it has already secured most of its key components. But the Korean electronics giant will continue look to diversify its supplier base to ensure procurement, he said.

    The net profit result was marginally better than expected. Seven analysts polled by Dow Jones Newswires on average had forecast a net profit of KRW2.76 trillion. Samsung earned KRW4 trillion in the first quarter last year.

    Operating profit was KRW2.95 trillion in the first quarter, down 33% from KRW4.41 trillion a year earlier, while sales rose 6.8% to KRW36.99 trillion from KRW34.64 trillion posted in the first quarter of last year.

    Following the weak results, Samsung shares, which rose as high as 0.9% earlier in the session, turned sharply lower, falling 1.8% to KRW884,000 at 0414 GMT, upderperforming the Kospi’s 1.1% drop.

    Samsung’s cellphone business remained the company’s main bright spot in the first quarter, as it was in the fourth quarter, as its operating margin grew due to increased sales of higher-margin smartphones.

    Its consumer products business, which is its largest business by revenue and lost money in the second half of 2010, produced an operating profit of KRW100

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