Thursday, July 26, 2007

Hynix Second-Quarter Profit Falls 36 Percent, Beating Analysts' Estimates

(Bloomberg) -- Hynix Semiconductor Inc., the world's
second-largest memory chipmaker, reported second-quarter profit
fell 36 percent after a glut drove down prices of computer chips.

Net income declined to 209 billion won ($228 million), from
324.4 billion won a year earlier, the Ichon, South Korea-based
company said in a statement today. Sales, excluding overseas
affiliates, rose 23 percent to 1.94 trillion won.


Read more at Bloomberg Emerging Markets News

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