Word: samsung
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...probably know, however, there's a competing format called Blu-ray on the way, backed by Sony, Philips, Panasonic, Samsung and Pioneer. The movie studio lineup also tips slightly in Blu-ray's favor, since Fox, Disney and Sony plan to release films only on the Blu-ray format, while Warner and Paramount plan to launch titles in both. But it isn't as easy as simply waiting for Blu-ray either: the initial players, expected in July or August, will list for $1,000 or more, as opposed to the $500 list price for Toshiba's first...
...Saying sorry with cash has become a common strategy for corporate Korea. Samsung, the nation's largest conglomerate, announced in February it would donate roughly $800 million to charity following a spate of embarrassing incidents, including bribery accusations against its chairman Lee Kun Hee (Lee was cleared of the allegations). But Hyundai and Lone Star's moves aren't helping either company's regulatory woes, as the national Supreme Prosecutors' Office has said the donations won't influence the outcome of its investigations. "The government does not like the timing of the offers," notes Seoul-based business consultant Hank Morris...
...true HD video, and electronics manufacturers haven't been able to agree on a new DVD format with enough capacity to do the job. Instead, they have broken into two warring camps: the so-called Blu-ray group (established by Sony and endorsed by Philips, Panasonic, Pioneer and Samsung) and the HD DVD Promotion Group (supported by Toshiba, Microsoft and others). So far, that hasn't been a problem for consumers eager to buy DVD players for their big-screen HDTVs because nobody actually sold any players...
Toshiba has a head start in this race to the living room, but that won't last long. Samsung plans to sell Blu-ray players by early summer, followed closely by Sony, Pioneer and Panasonic. The first Blu-ray machines will be aimed at video enthusiasts and priced accordingly ($1,000 and up, roughly comparable to Toshiba's $800 high-end HD-XA1) and will be supported with movies from Fox, Disney and Sony. (Paramount and Warner Bros. are making discs in both formats...
...PLEADED GUILTY. SUN WOO LEE, YEONGHO KANG and YOUNG WOO LEE, executives at South Korea's Samsung Electronics; to their role in fixing prices for DRAM electronic chips; in San Francisco. The U.S. Justice Department charges that from 1999 to 2002 Samsung and three other companies colluded to set artificially high prices for the chips, used in computers and mobile phones. The three were sentenced to prison terms of up to eight months and will pay fines of $250,000 each. The ongoing investigation has resulted in more than $731 million in criminal fines...