• Most Popular
  • Most Shared

Samsung Elec sees no impact from US LCD ruling

Mon Nov 9, 2009 6:50pm EST

Stocks

   

(Corrects alert to clarify ITC issued a ruling, not an order)

Stocks  |  Regulatory News  |  Global Markets  |  Japan  |  South Korea  |  Cyclical Consumer Goods

SEOUL, Nov 10 (Reuters) - South Korea's Samsung Electronics (005930.KS) said on Tuesday the company expected no impact on its sales from a ruling to halt U.S. imports of some of its liquid crystal display (LCD) devices.

The U.S. International Trade Commission ruled on Monday that Samsung, the world's biggest maker of LCD screens and LCD TVs, infringed patents of Japan's Sharp (6753.T) and should no longer sell infringing devices in the United States. [ID:nN09279907]

"We are fully committed to honor our responsibility to our business partners and are taking appropriate actions to meet the market demand for Samsung LCD panels and products without any interruption," said Samsung spokesman James Chung. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)

Stocks
Regulatory News
Global Markets
Japan
South Korea
Cyclical Consumer Goods


More from Reuters

Sturdy U.S. home sales bolster economic growth prospects

WASHINGTON (Reuters) - Sales of previously owned U.S. homes jumped last month to their highest level in nearly three years, the latest sign that the economic recovery was gaining steam, after growing below expectations in the third quarter.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

CURRENCIES