- Colorado school drops sexual harassment label on boy who kissed girl’s hand
- Australia court strikes down 5-day-old, gay-marriage law
- Fake interpreter at Mandela service: ‘Sorry,’ I have schizophrenia
- George Zimmerman will not be charged in domestic dispute
- Russian officials press bilateral U.S. trade deal
- Creator of ‘Selfies at Funerals’ blog retires after Obama flub: ‘Our work here is done’
- New Obama adviser Podesta is against Keystone but will steer clear of pipeline deliberations
- 40 Australian adults, children found in ‘one of the worst accounts of incest ever made public’
- Venezuela’s Maduro calls on student ‘price vigilantes’ to hit the streets, report businesses
- Atheists smug as Hindus join Satanists to demand display at Oklahoma Statehouse
SK chipmaker Hynix logs small profit on FX gain
Question of the Day
SEOUL, SOUTH KOREA (AP) - South Korean chipmaker SK Hynix reported a small net profit in the third quarter Wednesday thanks to a foreign exchange gain that partly offset lower sales of computer memory chips.
SK Hynix Inc. said it gained 2 billion won, or $1.8 million, in net profit for July through October on revenue of 2.4 trillion won.
Analysts forecast an 80.8 billion won net loss, according to financial information provider FnGuide. The better-than-expected result compares with a net loss of 563 billion won a year earlier. The revenue was a 5.8 percent gain over a year earlier.
Its third-quarter operating loss was 15 billion won, compared with a 277 billion won loss a year earlier.
Hynix said increased sales of mobile chips and flash memory devices helped limit the impact from the PC industry slump.
Research firms IDC and Gartner said global PC sales dipped more sharply than expected during the third quarter, as consumers shift their spending to smartphones and tablets. Some delayed replacing their existing PCs with a new one before the launch of a new version of Windows.
Hynix has been trying to reduce its reliance on computer memory chips and increase the portion of components for mobile devices as the weak economy continues to depress the PC industry. Its clients include Hewlett-Packard, Dell and Apple.
Hynix said global memory chipmakers are expected to slash their investments next year due to the persistent slump in the PC industry and the uncertainty in the global economy. That could help improve the memory chip industry, which has been struggling with oversupply and sluggish PC demand.
The Icheon, South Korea-based Hynix is the world’s second-largest maker of computer memory chips that help run multiple programs quickly. It trails behind Samsung Electronics and competes with Micron Technology and Toshiba.
By Matt Kibbe
The short-term deal will assure long-term overspending
- Rand Paul: Budget deal 'shameful,' 'huge mistake'
- All-out war breaks out in GOP over budget pact
- Teen thugs in D.C. run wild -- even while wearing GPS ankle bracelets
- Obama takes 'selfie' at Mandela's funeral service
- Obama's antics at Nelson Mandela tribute: Jovial conversation, handshake with Raul Castro
- American bourbon now better than Scottish whisky: U.K.-born expert
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Biden guarantees victory on immigration reform
- Study IDs reasons for late-term abortions
- Inside the Ring: China targets Global Hawk drone
Independent voices from the The Washington Times Communities
Al Maurer provides a common sense, conservatarian, Constitutional conservative perspective from the battleground state of Colorado
Interviews and show reviews from the Los Angeles punk scene past and present. Los Angeles has always been rich in punk rock talent since punk rock was born.
Buzz on Bees is a column promoting the love and life of God’s greatest pollinators on earth: The Honeybee
Brazen, leading-edge, “call it like it is” columns and reporting from Ohio native, radio host and writer, Sara Marie Brenner.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow