Word: samsung
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...keep the name fresh. Though it has cast a younger, buffer repairman, Maytag has been selling the same idea--we're the old reliable--even as consumers' tastes shifted toward more sophisticated products. That left an opening for specialty lines from GE and Whirlpool and upstarts like LG and Samsung. Thanks to stylish marketing, those brands are synonymous with high-end, high-quality products. LG has a deal to sell its products in Home Depot, Samsung at Lowe's. Maytag just lost its space at Best Buy to Whirlpool. Who needs nostalgia when you've got cool...
...Maytag's competitors in Asia can take advantage of cheaper labor costs, but LG's and Samsung's real advantage is quality: $1,000 washing machines compete with the best ones from GE and Whirlpool. "They're really competing on products, not price," says Eric Bosshard, an analyst at FTN Midwest. Maytag has been slow to keep up; its last new front-loading washer debuted in 1997. Until those new product lines are ready, Maytag can't take advantage of lower costs at its newer, more efficient plants in South Carolina and Mexico, which make them. To stay afloat...
...amid a scandal surrounding the country's 1997 presidential election; in Seoul. He announced his resignation after a local TV station claimed it had obtained part of a recorded conversation between Hong, then publisher of the newspaper JoongAng Ilbo, and Lee Hak Soo, a high-ranking Samsung executive, in which the two discussed the powerful conglomerate's possible channeling of illegal funds to presidential candidates. South Korean lawmakers have demanded an independent investigation into the alleged payoffs, which Lee reportedly said on the tape were authorized by Samsung chairman Lee Gun Hee. Samsung has contested the validity of the recording...
...voice line (you remember those, right?). Ditto for Verizon's newest RIM BlackBerry, the 7250. And there are variations on the Windows Mobile theme: the UTStarcomm/Audiovox XV6600 with Bluetooth and a connection to Verizon's super-fast EVDO data network (known as BroadbandAccess), and the all-new Samsung i730, which takes all of that and adds a Wi-Fi connection...
...Taiwan doubts Lee's chutzpah?Mitac's president Billy Ho praises him as "full of courage"?but a turnaround will take more than guts. Lee must repair the German unit while tussling with Nokia, Motorola and Samsung for global market share. Even Lee admits that how successfully he integrates his new handset business "will determine the destiny of BenQ." But the reality for BenQ and the other Taiwan tech outfits is that high-risk ventures may offer the best chance at survival. "They realize they have to do something very drastic," says IDC's Pulskamp. For Taiwan, it's take...