Financial Times FT.com

Samsung bullish on tech recovery

By Song Jung-a in Seoul

Published: July 6 2009 05:22 | Last updated: July 6 2009 23:09

Samsung Electronics, the world’s biggest maker of memory chips and liquid crystal display screens, signalled on Monday that it might be emerging from the downturn in the technology sector as it forecast a fivefold jump in second-quarter operating profit.

Technology groups have been hard hit by the economic downturn as consumers have scaled back on purchases of electronics products.

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