Key Developments: Samsung Electronics Co Ltd (005935.KS)
936,000.00KRW
16 May 2013
₩24,000.00 (+2.63%)
₩870,000.00
₩919,000.00
₩939,000.00
₩915,000.00
47,190
19,554
₩939,000.00
₩677,000.00
Latest Key Developments (Source: Significant Developments)
Wolfson Microelectronics plc Enters Into Multi-Year IP License And Component Supply Agreement With Samsung Electronics Co Ltd
Wolfson Microelectronics plc and Samsung Electronics Co., Ltd and digital convergence technologies, announced that they have agreed a multi-year IP License and a Component Supply Agreement which establishes Wolfson as a primary Samsung audio partner. As a result of this agreement, Wolfson expects to be a major audio component supplier for Samsung's GALAXY range of smartphones and tablets including the GALAXY S4 in 2013. This announcement builds on Wolfson and Samsung's existing relationship, where Wolfson has provided outstanding audio performance for Samsung devices including its best-selling GALAXY S III, as well as its GALAXY Note II and GALAXY Note 10.1. Full Article
Samsung Electronics Co Ltd Issues Q1 2013 Guidance; Operating Profit Guidance Above Analysts' Estimates
Samsung Electronics Co Ltd announced that for the first quarter of 2013, it expects sales of approximately KRW52 trillion and operating profit of approximately KRW8.7 trillion. The above figures are the median of the earnings estimate range. The Ranges for first quarter 2013 sales is KRW51-KRW53 trillion and operating profit of KRW8.5-KRW8.9 trillion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of KRW53 billion and operating profit of KRW8.4 billion for the first quarter of 2013. Full Article
Absolute Software Corp Announces Global Partnership with Samsung Electronics Co Ltd To Provide Enterprise Mobility Management And Theft Protection To GALAXY Mobile Devices
Absolute Software Corp announced it has entered into a strategic global partnership with Samsung Electronics Co Ltd. Under the terms of this partnership, Samsung will embed patented Absolute persistence technology into the firmware of Samsung GALAXY mobile devices as a feature of Samsung KNOX, which will be launched later this year. Samsung KNOX is the comprehensive mobile solution for work and play with security enhanced Android platform and application container. With firmware persistence, Samsung users can leverage Absolute Computrace or Computrace LoJack for Laptops to remotely track, manage and secure their Samsung GALAXY smartphones and tablets devices globally. Full Article
Hon Hai Precision Ind. Co Ltd Says Remains Committed To Buy Sharp Corp Stake; Sharp Concludes Investment Deals With Samsung Electronics Co Ltd And Qualcomm Inc.-Reuters
Reuters reported that talks on an alliance between Sharp Corp and Hon Hai Precision Ind. Co Ltd will continue even though a deadline for a deal between the two lapsed on Tuesday. Hon Hai said it remained committed to buy a 9.9% stake in Sharp. The banks, which include Mizuho Financial Group Inc and Mitsubishi UFJ Financial Group Inc had not been expecting a revised deal with Hon Hai. Sharp has concluded smaller investment deals with Samsung Electronics Co Ltd and Qualcomm Inc. Full Article
Samsung Electronics Co Ltd Counter Sues Ericsson In U.S. Over Alleged Patent Infringement-DJ
Dow Jones reported that Samsung Electronics Co Ltd countersued Ericsson earlier this week claiming that the mobile equipment maker infringed several of its patents including those relating to data transmission, a filing in a U.S. district court showed. The filing comes after Ericsson filed a suit against Samsung Electronics Co Ltd in November in a U.S. court alleging the South Korean company infringed its mobile-technology patents after the two companies failed to agree on licensing terms. Although Samsung is a willing licensee, Ericsson demands unreasonable terms and conditions, Samsung said in the complaint. Ericsson no doubt has plans to extract unreasonable fees from the rest of the industry unless stopped by Samsung here. Full Article
Samsung Electronics Co Ltd Appoints New Co-CEOs
Samsung Electronics Co Ltd announced that it has appointed Yoon Bu Geun and Shin Jong Gyun as its new Co-Chief Executive Officers (Co-CEOs), effective March 15, 2013. The current Chief Executive Officers, Gwon Oh Hyeon, continues his duty as Co-CEO at the Company. Full Article
ITC Delays Ruling In Apple Inc, Samsung Electronics Co Ltd Patent Dispute-DJ
Dow Jones reported that The U.S. International Trade Commission will delay until May 31 a decision on whether Apple Inc. infringed upon Samsung Electronics Co Ltd patents, Reuters reported March 13, 2013. In September, an ITC judge found that Apple didn't infringe upon four wireless patents held by Samsung. The ruling was subject to review by the other ITC judges. According to the Reuters report, the ITC requested filings related to the effects of a potential ban on certain Apple products. Full Article
Samsung Electronics Co Ltd Loses Latest Apple Inc's Suit In UK-Reuters
Reuters reported that Apple Inc has won a patent infringement lawsuit in an English court, which exonerates the iPhone maker from charges it unlawfully used Samsung Electronics Co Ltd's technology. Samsung had argued that three individual patents relating to processing and transmitting data on 3G mobile networks had been infringed, but the court found all three claims invalid. Samsung said it was disappointed by the court's decision. Apple declined to comment. Full Article
Samsung Electronics Co Ltd Set To Give Sharp Corp $110 Million Lifeline-Reuters
Reuters reported that Samsung Electronics Co Ltd is set to invest $110 million in Sharp Corp, ensuring it a stable supply of TV panels and bolstering the survival chances of the Japanese maker of Apple iPhone and iPad screens. The investment would give Samsung a 3% stake in the Japanese LCD pioneer. Full Article
Judge Cuts Apple Inc Award Versus Samsung Electronics Co Ltd, Sets New Damages Trial-Reuters
Reuters reported that Apple Inc had a major setback in its ongoing mobile patents battle with Samsung Electronics Co Ltd on Friday, as a federal judge slashed a $1.05 billion jury award by more than 40% and set a new trial to determine damages. Apple won the award last year against Samsung in what was the biggest and highest-profile of a number of legal trials around the world, centered on the use and alleged abuse of patents in a highly competitive mobile market. The iPhone maker convinced the jury that the Korean company had infringed on its iPhone and iPad patents. Friday's ruling by Judge Lucy Koh of the U.S. District Court Northern District of California in San Jose means the two mobile electronics companies may once again square off in a California court to decide how much of the $450.5 million struck from the damages, associated with 14 Samsung products, should stand. Koh said the jury had incorrectly calculated part of the damages and that a new trial was needed to determine the actual, final dollar amount. That could end up less than or more than the original $450.5 million set by the jury. Koh, rejecting Apple’s motion for an increase in the jury’s damages award, ordered a new trial on damages for the 14 devices, which include the Galaxy SII. The jury’s award to Apple for 14 other separate products, totaling almost $599 million, was maintained. Full Article
A stretched Samsung chases rival Apple's suppliers
SEOUL - Overtaking Apple Inc as the world's leading maker of smartphones has stretched Samsung Electronics Co's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.
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