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Samsung Electronics sees sales growth

Samsung Electronics Co. CEO Choi Gee-sung told shareholders on 19 March the company expects revenue to grow at a double-digit rate in 2010 and operating profit to meet or exceed last year’s level, rates that cautiously reaffirmed the bullish sentiment around the firm.

Expectations among investors and analysts are high that Samsung will smash sales and profit records this year as all four of its main businesses – semiconductors, liquid crystal displays, mobile phones and TVs – are simultaneously performing well. In the process, Samsung will likely surpass Hewlett-Packard Co. to become the world’s biggest electronics company by revenue.

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(Source: The Wall Street Journal Online)