Samsung said sales were US$13.5 billion in the quarter, up 6 percent from the previous period and up 15 percent from a year ago.

Its chip sales were US$3.4 billion in the quarter, up 4 percent from the previous period and down 5 percent from a year ago. Operating profit within the chip unit was US$168.4 million in the quarter, down 12 percent from the previous period and down 74 percent from a year ago.

Memory sales were US$2 billion in the quarter, down 6 percent from the previous period and down 15 percent from a year ago.

The company claims its profitable in the memory business. But like all memory makers, Samsung is seeing a severe downturn in both NAND flash and DRAM. At present, NAND and DRAM are expected to remain weak for the remainder of 2008 and perhaps 2009.

''Commentary from Samsung on all business units (semiconductors, TFT-LCD, telecom, digital media) can be characterized as 'below-seasonal,' '' according to a report from FBR.

By: DocMemory
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