News Byte

Samsung Electronics Took in Roughly $40 Billion Last Quarter

Samsung Electronics reported preliminary first-quarter earnings on Thursday, saying that the company took in revenue of about 45 trillion won ($39.8 billion), with operating profit of approximately 5.8 trillion won ($5.1 billion).

Samsung Hires Former AOL and Google Content Exec David Eun to Lead Renewed Media Push

The South Korean consumer electronics giant is upping its media game against more aggressive rivals like Google, Apple and Amazon.
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Samsung to Sell Hard-Disk Drive Unit to Seagate

Samsung Electronics Co. will sell its hard-disk drive business to U.S.-based Seagate Technology Inc. for $1.38 billion in cash and stock, in a move that will help the company shed an unprofitable business and focus on next-generation displays and solar cells.

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Samsung May Sell Hard-Disk Drive Unit

Samsung Electronics Co. is considering selling its money-losing hard-disk drive business to raise funds for investment in new growth areas, a person familiar with the situation said Sunday. The most likely buyer for the business is Seagate Technology Inc., the U.S.-based computer hard-disk maker, the person said.

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Samsung's Results Jump, But Executives Are Cautious

Samsung Electronics Co. on Friday reported a record profit for the second quarter as expected, but company executives said that may have been the peak for the year as pricing pressures are likely to overwhelm the sales growth that normally occurs in the second half.

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Samsung Whistleblower Returns to the Public Eye

The man who led Samsung Electronics and the rest of South Korea’s largest conglomerate for 21 years, Lee Kun-hee, is back in the public eye after again becoming chairman of the technology giant two months ago. But so is the corporate whistleblower whose accusations led to Mr. Lee’s resignation and tax fraud conviction in 2008.

Two Laptops Take Images to Another Dimension

Katie looks at two laptops that use 3D technology to make photos, movies and games pop.
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Rambus Chip Trial Promises to Draw In CEOs

A high-stakes trial pitting Rambus Inc. against three chip makers–which could bring chief executives of some giant technology companies to the witness stand–is scheduled to begin opening maneuvers Wednesday. The case in San Francisco County Superior Court centers on allegations by Rambus that Micron Technology Inc., Samsung Electronics Co. and Hynix Semiconductor Inc. illegally conspired to boycott technology developed by Rambus and took other actions to block its acceptance.

Dreaming of a Blu Christmas

Blu-ray players, particularly those that can exploit Internet video services, are a hot item this shopping season. Just 3½ years after Samsung Electronics Co. introduced the first Blu-ray player for $999, prices have dropped to as low as $80, making them an irresistible item for many consumers this year.

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Vizio Sees Growth in Flat-Panel Shipments

Vizio Inc., a supplier of low-cost flat-panel display TVs in the U.S., expects shipments of its LCD televisions to rise more than 70 percent to more than six million units this year and to remain profitable even as set prices fall at least 30 percent, the company’s chief executive said.

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