Monday, July 16, 2007

Hostile takeover planned for Samsung Electronics?

Is a hostile takeover in the works for Samsung Electronics? Is the famous troublemaker Carl Icahn involved? On Friday, Samsung reported a 5% fall in net profit in the second quarter to 1.42 trillion Korean won ($1.54 billion), making for its worst quarterly results in operating profit since the fourth quarter of 2001, the tail end of a tech recession (according to Forbes)

  • dpreview News forum discussion
  • Forbes story
  • SmartHouse news story
  • The digital cameras of Samsung are under the Samsung Techwin company, not Samsung Electronics, although the Samsung companies are confusingly interwoven and controlled by Mr Lee (worth 2 billion dollars or so). Can I have 1% of that Mr Lee? :-)
  • This is something interesting to watch unfold...

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