Samsung 2003 Annual Report Download - page 12

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Dear Customers, Partners and Shareholders,
Around the world, uncertainty prevailed in 2003.
Military conflict flared up in Iraq. Terror continued
to threaten world security. Many countries and
regions were plagued with political antagonism and
a stagnant economy.
Despite the unfavorable business environment,
Samsung Electronics posted a second record-breaking
year in a row in 2003. Exceptional financial results
helped the stock price set record highs. Results were
driven by sales of premium products. These include
high-value mobile handsets, flash memory chips used
in digital cameras and MP3 players, and LCDs for
notebook PCs, desktop monitors and televisions.
12 CEO MESSAGE
Innovating to become the best