Word: samsung
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Dates: during 2000-2009
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...boxes is dropping fast. A 50-in. high-def TV set that cost $8,000 two years ago is now $1,800 and could drop further by Christmas. Prices of the set-top decoders necessary for high-def reception are falling too, to $250 from $750 in 2000. (Samsung, Zenith and Sony are making TVs with built-in high-def tuners.) The Consumer Electronics Association says February shipments of such digital-TV products were up 83% over the same month last year, largely in anticipation of NBC's Olympics broadcast and HDNet's NCAA March Madness...
...next stop in Samsung's digital march is the living room. To that end, the company has worked with Microsoft to develop Home Media Center, designed to control everything from your dvd player to the PC. Last June, Texas Instruments and Samsung signed an agreement to develop ultrathin, large-screen televisions based on TI's digital light-processing technology. In 1999 TI turned down a Samsung partnership offer, thinking it would be better to work with "established" brands. By last year it was clear that TI's initial partners were moving too slowly to get anything to market in good...
...technical prowess, Samsung faces big-league competition in its quest to dominate the digital home. Microsoft, AOL Time Warner, Apple and Sony are among the heavy hitters that are also betting that someday everything from our alarm clocks to our refrigerators will be linked to a constant stream of information and entertainment from the Internet. (AOL Time Warner has formed partnerships to develop digital hardware with both Samsung and Sony.) Samsung is gambling that it can move faster than its bigger rivals...
...Samsung Electronics' future is a listing on a U.S. stock exchange, but first the company will have to convince the sec that its accounting is up to American standards. For the most part, analysts view the firm as a world-class business. Among foreign investors - who own more than 50% of Samsung Electronics' shares - there is some concern that management is still subject to the whims of the Samsung Group's Lee family. Chairman Lee Kun Hee, the founder's son, wields outsize personal influence throughout the Samsung empire. One fear is that Samsung Electronics' profits could be siphoned...
...managers have demonstrated a century's worth of catch-up in a very short time. Now the question is whether they can fulfill the new expectations for Samsung's future...