Weekend Papers: Samsung is bullish over strong Q2 results

Weekend Papers: Samsung is bullish over strong Q2 results
Financial Times

Samsung is bullish over Q2 results with its strong performance in part due to quick sales of multimedia handsets.

The manufacturer said in a trading update that operating profit in the second quarter might have jumped more than five-fold from the first quarter.

Analysts attributed Samsung’s strong performance to sales of its multimedia mobile handsets and high-margin LCD TVs, which use light-emitting diodes as backlights, along with stabilising memory chip prices.

Samsung reported its first operating loss of $680m in the fourth quarter and suffered a 72 per cent drop in its first quarter net profit from one year ago.

The Times

Vodafone to swap Turkish subsidiary for T-Mobile UK

Vodafone has discussed offering its struggling Turkish subsidiary in part-exchange for T-Mobile UK, which is expected to be sold later in 2009 by Deutsche Telekom.

According to the Sunday Times, the German telecoms company is considering offers from Orange, O2 and Vodafone, who would all consolidate market position with the acquisition due to a high added market share.

T-Mobile has a 14% share in the market. Investment bank, JP Morgan has been appointed to consider the options.


Mobile phone company gets job applications by text

A mobile phone company has asked jobseekers to apply to them via text message, limiting them to 160 characters.

According to the Telegraph, Cardiff based Teimlo, a mobile content provider, has asked applicants to send their application by text in no more than 40 words to weed out the most creative.

Teimlo’s company boss, Phil Terrett, said: ‘Applicants are going to have to be creative and to the point – they are the qualities we are looking for.’
Written by Mobile Today
Mobile Today


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