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Samsung Spinning-Off LCD Business |
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Tuesday, 21 February 2012 |
Samsung did exceptionally well in their LCD business, whereby their LCD sales exceed expectations, which contributed handsomely in their overall revenue for the entire 2011. Of course, one man’s loss is another man’s gain, in which Sony’s LCD business suffered severely in 2011, which prompted the company to sell off their stake in the S-LCD factory that is a collaboration with Samsung.
Apparently, Samsung has just announced their plan to spin off their LCD business. Samsung has just unveiled their Samsung Display plans which would take off on April the first, and the respective startup would have a whopping $6.6 billion in its coffers. It seems that the spin-off would allow Samsung to make quicker business decisions, while giving the business an edge to meet client’s needs more swiftly.
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