Yup, we’ve got a name change. Samsung Hub will now be known as Sammy Hub and as you may’ve noticed you’re already being redirected to the new domain. So what does it change for you as the reader? Well, nothing much except the name, logo and even the commenting system! We’ll still continue to deliver Samsung-related news, reviews and leaks as we did earlier.

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Samsung has published the earnings guidance for the just concluded quarter. The figures are based on International Financial Reporting Standards and are provided to give shareholders and consumers an idea of what to expect from the Korean giant.

Samsung expects the revenue to fall by 11.6% quarter-on-quarter and about 6.8% year-on-year whereas the operating profit will also see a dip by 3.7% QoQ and 34.2% YoY.

As for the consolidated figures – sales are expected to hover around 37 trillion won and operating profit around 2.9 trillion won.

CTIA starts from March 22 in Orlando, Florida and Samsung will showcase a number of devices as well as mobile technologies at the expo. Some of the things that will be exhibited are:

Samsung Galaxy S II
Samsung Craft (SCH-r900)
4G LTE Phone for Verizon
Samsung Infuse 4G
Samsung Smart LTE Solution
Samsung 8.9-inch tablet
WiMAX
Nexus S 4G
Business and Enterprise solutions

Samsung has confirmed that they’re in talks with ex-BMW designer, Chris Bangle to design their mobile phones, notebooks and other digital appliances. Bangle responsible for the design of BMW’s 7 Series left the car company in 2009 and was under a contract with a non-compete clause, which expired last month.

Samsung says they’re trying to give Bangle “an advisory job.”

Samsung has been trying to offer him an advisory job, not an exclusive contract, for a long time. The position would be determined when we forge a deal.

Source

Fortune Magazine has published the list of world’s most admired companies and Samsung Electronics is ranked 38th on the whole list. Samsung is the only Korean company in Top 50 and has an overall score of 6.16.

Industry-wise, Samsung Electronics is placed second in the Electronics industry just after General Electric.

Click here for the full list.

Via

Samsung is one of the biggest companies in South Korea contributing about 20 percent of total country’s exports and a decent amount of GDP. But the world’s second largest chaebol by revenue wasn’t the same when it was started in 1938.

Reuters has nicely summarized all the important events in Samsung’s history till December 2010.

Samsung Timeline

PS: Another worth reading article from Reuters: Can Samsung change with the tech times?

Samsung has collaborated with IBM to research on semiconductor technologies. Under this new collaboration, both the companies will research new materials, transistor structures etc. to enable next-generation process technology that will be used in variety of devices like smartphones to high-end communications infrastructure.

The researchers will work at the Semiconductor Research Alliance at the Albany Nanotech Complex, Albany, N.Y. and will also work to develop process beyond 20nm.

CMOS technology at 20nm and beyond will be showcased at the Common Platform Technology Forum on Jan 18.

The only son of Samsung Electronics’ Chairman, Lee Jae-yong has been promoted to the post of President in Samsung’s flagship Electronics subsidiary. Jae-yong will also hold its current Chief Operating Officer (COO) position.

Meanwhile, Choi Gee-sung, CEO of Samsung Electronics will also assume the position of Vice Chairman in Samsung Electronics.

The management reshuffle was confirmed last month by Lee Kun-hee and was of the opinion that Samsung needed “young blood” to tap new businesses and take quick decisions.

Other management changes include:

Lee Boo-jin, daughter of Lee Kun-hee will be promoted to President and CEO of Hotel Shilla, President of Samsung Everland and adviser to Samsung C&T.

Kang Ho-moon, President and CEO of Samsung Mobile Display will be promoted as Vice Chairman of Samsung China Headquarters.

Finally, Cho Soo-in will replace Kang as the new President and Chief Executive of Samsung Mobile Display division.

Via

A report published by Moody’s Investors Service claims that Samsung is the second richest company, in terms of cash in Asia. The leading Cash Rich Company in Asia is China Mobile.

About 120 Asian companies were surveyed by the firm whose cash-to-debt ratio was found to be over 400 percent or average balance per corporate of $1.5 billion, which is higher than the average per corporate in the United States.

Samsung HQ in South Korea have sent 13 auditors to Australia to check on the region’s operations. The report from Smarthouse claims that the surprise audit is a result of a tip-off from a former Samsung executive alleging irregularities in the sale of second goods.

Samsung auditors are currently probing 10-year old transactions and even the relationship of Samsung Australia execs with two different companies – QQ Discounts and Korean-owned company known as Samsung Concept Store.

Samsung is currently interviewing former Samsung execs, out of which, one believes that “at last information is coming out…whenever we raised issues internally in the Company regarding seconds we were told to leave it alone. I know of several occasions when management question the margins being given to Korean linked Companies, the people who made the decisions on this were known in the Company as the Korean Mafia and we knew not to interfere with this process.”

Samsung Australia hasn’t commented on the allegations but have confirmed about the ongoing investigation involving Korean auditors.