Word: samsungs
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Dates: during 2000-2009
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...neither consumers nor competitors, damn them, are obligated to think that way, especially when it comes to big-ticket items like TVs. Philips' LCD-TV business is losing money in the insanely competitive U.S. market, under pressure from the likes of Sony and Samsung. Globally, profit margins in the $15 billion consumer-electronics business are flat-screen thin. With TVs accounting for about 60% of sales at the former CE division, "if you look at [Philips'] strategic targets--stable growth and higher profitability," says SNS Securities' analyst Victor Bareņo, "then the core business of consumer electronics is not really...
...average downtown Shanghai apartment, and now we, and our fellow suburban pioneers, are stocking up with stuff. In our house we have drapes that were made in Tianjin, and tile flooring from Kunming, but also bathroom fixtures made by Kohler (headquarters: Kohler, Wis.) and consumer electronics from Samsung and Panasonic. Our town's central shopping mall - which looks as if it could be in White Plains, N.Y., or the San Fernando Valley of Los Angeles - has had a KFC and a Pizza Hut up and running for the past year. In late summer, New Songjiang passed through one of globalization...
...Economic Promise, Political Risk Such animosity highlights the fragility of ongoing efforts to pacify the North by boosting its parlous economic condition. South Korea's giant conglomerates like Samsung are unlikely to invest significantly until the U.S. removes Pyongyang from its list of state sponsors of terror and also amends its Trading with the Enemy Act, which imposes sanctions on North Korean trade. And billions of dollars, not just from South Korea but also from the U.S., Japan and China, will be needed to bring North Korea into the global economy - assuming, that is, that Kim Jong Il wants...
...South Korea's presidential race has been conducted under a cloud of political corruption allegations. Last month, a former lawyer for Samsung Group, Kim Yong Chul, said Korea's largest company used slush funds to influence prosecutors and political figures. South Korea's cabinet gave the green light to the appointment of a special counsel to investigate charges that Samsung bribed public officials and provided questionable campaign financing during the 2002 presidential elections. The special counsel is also expected to investigate allegations that Samsung Group chairman Lee Kun Hee tried to transfer group ownership to his son, and gave...
...design edge--and the company's manufacturing capacity--helped Sharp dominate the $80 billion flat-panel market for years, with more than 16 million Aquos screens sold since 2001. But competitors rushed in, and by 2005, Sharp had fallen behind Sony and Samsung. Consumers have benefited: three out of four TVs sold in the U.S. are now flat panels, and prices for 25-in.-to-29-in. models have dropped 72% in the past three years, according to DisplaySearch...