Samsung Electronics Says Business Outlook Not Good

[ckramer]

Samsung Electronics Co. Ltd., the world's top maker of memory chips, said on Monday the outlook for its key businesses was not good due to slower global economic growth and sluggish domestic consumption.

Samsung, a technology powerhouse that makes everything from chips to flat screens and mobile phones, also told an annual shareholder meeting it has not yet decided whether to buy into a $1.2 billion share sale by its cash-strapped credit card unit.

"The world economy is facing slower growth this year and the domestic consumption is still sluggish. So there are big risk factors going forward. The outlook for our key businesses is not good," Yun Jong-yong, Samsung's vice chairman, told an annual meeting of shareholders.

reuters

[Harlequin]

1. Too bad... their flat LCD monitors are raved-about on CNET.

[Warpy]

3. I have a reconditioned one

I'll plug it here: http://www.ubid.com

Catch the auctions right and you can do very well.

[mermaid]

2. Domestic Consumption Is Sluggish - Well What Did You EXPECT?!?!

when all the good-paying jobs are getting shipped overseas?!!?!?

[Warpy]

4. That is certainly a large part of it.

The market that can afford electronics is currently saturated and won't be extended any time soon, thanks to cheap labor conservatives.

They've pretty much choked off the market for most luxuries in this country that ordinary people can afford. Most folks are running out of money for necessities by the end of the month. There's no way they're going to spring for a plasma TV or even a new puter monitor.

[mermaid]

5. No Shit!

When my old monitor croaked on me, do you know what I did??

I bought a fucking USED monitor. Couldn't afford new.

[LosinIt]

6. never pay full retail

refurbished can be just as good

[Warpy]

7. I plugged ubid

because my last 2 boxes have been ubid's refurbished stuff. I have a ubid tuner, ubid speakers, ubid vacuum cleaner and a few ubid kitchen appliances.

And yes, they'll take it back if it's DOA.

[98geoduck]

8. Bought a flatscreen tv and dvd system of theirs and both broke in 2 yrs.

Both received "light" use. wouldn't recommend.