Top Tech Stories of the Day: Profit at Samsung Disappoints

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Top Tech Stories of the Day: Profit at Samsung Disappoints

by Wochit 0:58 mins

Top Tech Stories of the Day: Profit at Samsung Disappoints

by Wochit 0:58 mins

Korean electronics giant Samsung estimated quarterly profit of $8.3 billion, short of analysts expectations, as sales of Galaxy S4 smartphones underwhelmed. Michael Dell and Carl Icahn both face the very real prospect that neither could get what they want. Executives at Dell are beginning to make contingency plans for the possibility that the $24.4 billion buyout plan proposed by CEO Michael Dell and the private equity firm Silver Lake will fail a shareholder vote on July 18. Smartphone leader Samsung Electronics Co Ltd is set to report a record $8.9 billion quarterly profit , even as growth in sales of its blockbuster Galaxy series begins to wane and new rivals emerge to eat away at its market share.

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