Samsung profits rise 40%

Samsung Electronics, Asia's most valuable technology company and now worth over $100bn, has just 40% rise in net profits in the 4th quarter, as surging demand for flat screens and memory chips used in mobile phones and MP3 players spurred the first rise in profit for five quarters.

I guess they're worth their lofty valuation. And Apple had better watch out for this mighty technology company has them squarely in their sites and plans to assault them from all sides, with their own vast array of new digital music players, with music playing mobile phones and with intelligent TV's.

Expect Samsung to get more powerful over the coming years, not less. and they just keep ramping up R&D expenditure.