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Wall Street Beat: Some Companies Shine Amid Gloom

Discussion in 'News' started by Echo419, July 25, 2008.

  1. Echo419

    Echo419 FS Owner

    When Samsung Electronics, a giant in chips, mobile phones and LCD panels, reported earnings on Friday, it noted worsening business conditions and said its results could have been better were it not for falling demand for IT products and the general slowdown in the global economy.

    Other companies, including Samsung's biggest rival in South Korea, LG Electronics, as well as U.S. technology giants Google, Microsoft and Texas Instruments, have also noted more difficult business conditions. High energy prices have sent the price of gas, electricity and other necessities soaring, crimping consumer demand. And people everywhere are feeling the effects of the credit crisis.

    [​IMG] View Full Article: Yahoo News

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