LG Sees 2009 Holding Up

LG Electronics expects its mobile handset profitability and shipments this year to be similar to 2008, as the impact of the economic downturn on the industry has been less severe than initially expected, a senior executive told Dow Jones. In 2008, the South Korean phone maker shipped 100.7 million handsets worldwide and its operating profit margin from the business was 11%. source: Dow Jones/Total Telecom