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HONG KONG, Oct 7 (Reuters Breakingviews) - Too much cash can be a problem sometimes, especially in South Korea. Samsung Electronics (005930.KS), meanwhile, may find that deploying its $77 billion war chest is getting trickier. The company estimates third-quarter operating profit at 10.8 trillion won ($7.7 billion), down 32% from a year earlier and below analysts’ expectations. Prices for so-called DRAM and NAND memory chips, a highly cyclical sector that's Samsung's biggest profit driver, have yet to bottom out. CONTEXT NEWSSouth Korea's Samsung Electronics on Oct. 7 announced earnings guidance for the third quarter of 2022.
Two gaming veterans have raised €1 million ($1.1 million) for Doppio, a new games studio that builds role-play games you play with your voice. CEO Jeferson Valadares says voice games have become more economically feasible now that it's possible to buy items through Alexa skills. The way people play games is evolving, with most of the major tech companies assuming gaming will go the way of films and Netflix and building out their own game streaming platforms. Doppio's first game is "The Vortex," which you can play on the Amazon Alexa (by asking "Alexa, open The Vortex") or with Google Assistant on your phone. The Vortex, Valadares said, is similar to old-school text-based games, or MUDs, that were popular in the 80s and 90s.
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