Key Developments: LG Electronics Inc (066575.KS)

066575.KS on Korea Stock Exchange

6 May 2015
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Latest Key Developments (Source: Significant Developments)

LG Electronics Inc issues FY 2014 revenue outlook above analysts' estimates
Sunday, 26 Jan 2014 11:45pm EST 

LG Electronics Inc:Sees revenue of 62,300 billion won for fiscal year 2014.FY 2014 revenue of 60,609.46 billion won- Thomson Reuters I/B/E/S.  Full Article

LG Electronics Inc, Other Companies Discuss BlackBerry Ltd Bids-Reuters
Friday, 4 Oct 2013 08:16pm EDT 

Reuters reported that BlackBerry Ltd on the block as its smartphone business struggles, is in talks with Cisco Systems Inc, Google Inc and SAP AG about selling them all or parts of itself. The Company, based in Waterloo, Ontario, has asked for preliminary expressions of interest from potential strategic buyers, which also include Intel Corp, LG Electronics Inc and Samsung Electronics Co Ltd, by early next week. It is unclear which parties will bid, if any. But the potential technology buyers have been especially interested in BlackBerry's secure server network and patent portfolio, although doubts about the assets’ value remain an issue. Google, Intel, Cisco, LG and SAP declined to comment. Samsung was not immediately available for comment.  Full Article

Ericsson and LG Electronics Inc's Joint Venture Signs Agreement with SK Telecom in South Korea-SIX
Tuesday, 20 Aug 2013 03:03pm EDT 

SIX reported that Ericsson announced that Ericsson-LG, a joint venture between Ericsson and LG Electronics Inc, has helped the South Korean mobile operator SK Telecom to expand the rollout of LTE Advanced (an upgraded version of LTE, also known as 4G) in the central parts of 84 cities in South Korea.  Full Article

LG Electronics Inc And Qualcomm Inc Expand Collaboration With Next G Series Smartphone
Wednesday, 19 Jun 2013 10:00pm EDT 

LG Electronics Inc, Qualcomm Inc, and its wholly owned subsidiary, Qualcomm Technologies, Inc., announced that the successor to the LG Optimus will utilize Qualcomm Snapdragon 800 processor, the industry's most advanced mobile chipset. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. LG's G series device powered by Qualcomm Snapdragon 800 processors will redefine the smartphone experience through stunning performance, rich graphics and outstanding battery efficiency. Capable of carrier aggregation, the Snapdragon 800 processor is designed to allow LTE to be even faster by maximizing spectrum bandwidth to increase data speeds and reduce latency.  Full Article

Federal Circuit Rules In Favor Of Interdigital Inc In Dispute With LG Electronics Inc
Friday, 7 Jun 2013 04:50pm EDT 

InterDigital Inc announced that the United States Court of Appeals for the Federal Circuit has ruled in favor of the company in its ongoing dispute with LG Electronics Inc (and LG affiliates). The Federal Circuit determined that LG should not have been terminated from United States International Trade Commission (Commission) Investigation No. 337-TA-800 initiated by InterDigital. LG was terminated from the Commission investigation based on LG's allegation that it has a continuing 3G license under an expired license agreement with InterDigital, and that the parties' dispute over whether LG possesses such a license should be arbitrated under the terms of that agreement. The Federal Circuit panel ruled that LG's assertion of arbitrability was "wholly groundless" and found that there "simply is no plausible argument that LG's license for 3G products survived the termination of the Agreement." By rule, LG and the Commission have 45 days to petition for rehearing of the Federal Circuit's decision and may petition the U.S. Supreme Court for a writ of certiorari within 90 days after entry of the judgment or a request for rehearing is denied, whichever is later. After the time period for petitioning for rehearing passes or the Federal Circuit denies any such petition, the Federal Circuit will issue its mandate remanding the case for further proceedings by the Commission.  Full Article

BRIEF-LG Electronics says Q2 profit to improve vs Q1

* Expects Q2 revenue to rise by double-digit rate versus Q1 on launch of new products, seasonal demand for air-conditioning products Further company coverage: (Reporting by Se Young Lee; Editing by Biju Dwarakanath)

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