CDRInfo Forum CDRInfo Forum

Forums  Register  Login  My Profile  Inbox  Address Book  My Subscription  My Forums 

Photo Gallery  Member List  Search  Calendars  FAQ  Ticket List  Log Out

Samsung, Panasonic signal tech industry upturn.   Logged in as: Guest
Viewers: 922 You can click here to see Today's Posts | Most Active Topics | Posts Since Last Visit
  Printable Version
All Forums >> [News Around The Web] >> General Computing News >> Samsung, Panasonic signal tech industry upturn. Page: [1]
Message << Older Topic   Newer Topic >>
Samsung, Panasonic signal tech industry upturn. - 11/2/2009 9:23:06 AM   


Posts: 462
Joined: 4/1/2009
Status: offline
Samsung Electronics and Panasonic gave a robust outlook on improving demand and cost cuts, fuelling hopes a recovery in the global technology sector will outlive the pre-Christmas shopping season.

The strong showing from other Asian technology groups such as Sharp Corp and Acer, and Sony's reduced annual loss outlook provided further ammunition for bullish technology investors, rounding out the industry's relatively upbeat quarterly earnings.

"In the global IT sector, the recovery next year will be led by sectors that suffered most this year, such as PCs. The strongest recovery will be in memory chips," Mirae Asset Securities analyst Lee Hak-Moo said.

"LCD TVs have done well this year and its performance in 2010 won't stand out so much."

Taiwan PC firms Acer and Quanta issued upbeat sector outlooks, underscoring the recovery in consumer demand and boding well for peers such as Hewlett-Packard and Dell.

"It's very clear now that demand is back," Acer CEO Gianfranco Lanci told an investor conference. "We're starting to see replacement activity increasing even from companies."

Globally, investors are taking heart from the United States' return to economic growth, which gives reassurance on the recovery's staying power.

On Thursday, data showed consumer spending, which normally accounts for more than two-thirds of U.S. economic activity, rose 3.4 percent in the third quarter, the fastest advance since the first quarter of 2007.  
More reading:

Post #: 1
Page:   [1]
All Forums >> [News Around The Web] >> General Computing News >> Samsung, Panasonic signal tech industry upturn. Page: [1]
Jump to:

New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts

Forum Software © ASPPlayground.NET Advanced Edition 2.4.5 ANSI