SEOUL: South Korean technology giant Samsung Electronics Co Ltd reported yesterday a 41% slump in second-quarter profit as prices for its mainstay memory chips and flat panel computer screens crumbled.
But investors still bid up Samsung’s shares 1.2% to a 15-month high, betting that the second quarter marked the trough as demand for PCs is likely to pick up and cash-strapped rivals are falling behind in production of advanced memory chips.
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