|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,570.00 - 1,585.00|
|52-week range||1,570.00 - 108,200.00|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||10.16|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,753.00|
Electronics giant Samsung Electronics announced a small reshuffle of senior executives on Wednesday without replacing its recently deceased chairman or changing top leadership positions including that of vice chairman Jay Y. Lee. Heir apparent Lee, whose father and Samsung Electronics chairman Lee Kun-hee passed away in October, is currently facing two separate trials that analysts say could land him in jail for a second time. With the trials' uncertain outcomes hanging over Lee, Samsung is seen taking its time before making big changes in leadership positions such as Lee rising to fill the vacant chairmanship, analysts said.
(Bloomberg) -- Micron Technology Inc. jumped to a 20-year high Tuesday after the company said revenue and profit came in better than it had predicted in the current quarter.The largest U.S. maker of memory chips now expects revenue of as much as $5.75 billion in its fiscal first quarter, which ends Thursday, up from a previous projection for as much as $5.4 billion. Earnings per share will be as much as 65 cents, up from a prior forecast of 32 cents to 46 cents, the company said in a statement.Shares in the Boise, Idaho-based company rose as much as 7.1% to $68.63, its highest price since Sept. 20, 2000.Micron’s chips provide storage in mobile phones and are also an important part of computers, where they help process data. That makes its earnings a key indicator of demand for all devices that compute, from smartphones to supercomputers.The company is the largest remaining U.S. maker of the chips and competes with South Korea’s Samsung Electronics Co. and SK Hynix Inc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic. The Galaxy Note, known for its large screen and a stylus for note-taking, is one of two Samsung premium phone series - the other being the more compact Galaxy S which draws in consumers with its state-of-the-art parts. At present, the South Korean tech giant does not have plans to develop a new version of the Galaxy Note for 2021, three sources said, declining to be identified as the plans were not public.