Samsung Electronics Market Value Tops $100 Bln
Tuesday Jan 03 2006 21:55:00 EST
(RTTNews) - The market value of shares in Samsung Electronics Co.
Ltd., Asia's most valuable company, exceeded 100 trillion won or
$100.1 billion for the first time ever Wednesday on expectations of
higher fourth-quarter earnings. Samsung Electronics' stock was
trading at 685,000 won per share on the Seoul bourse, up 3.01% or
20,000 won from the previous day. Based on the latest price, the
value of Samsung Electronics' common stock was estimated at 101.4
trillion won.
Samsung joins Vodafone Group Plc as the only technology stock
outside the US to achieve this landmark. Vodafone's market value is
estimated at $137 billion. In the process, Samsung overtook Nokia
Oyj of Finland, Motorola Inc. of the US and Sony Corp. of Japan in
market capitalization. Nokia is now valued at $83 billion, slipping
from a near $300 billion market value in 2000. Motorola's market
capitalization is now estimated at $58 billion. Sony, which was
once enjoying a market capitalization of $107 billion in 2000, has
fallen to less than half of Samsung's current value.
General Electric Co. is the world's largest company by value at
$374 billion. In
Asia, the second largest technology company is China Mobile (Hong
Kong) Ltd., valued at $95 billion. China Mobile is
the world's largest mobile phone operator
