Samsung Spins Off LCD TV Division - Sees OLED Future

By articleman
       



In a very interesting strategic move, Samsung has announced that it is spinning off its LCD TV division into an independent subsidiary corporation to be named "Samsung Display Company".

Although Samsung has not seen the company-wide financial woes that Sony, Panasonic, and Sharp are experiencing, downward price pressure and competition in the LCD TV market has resulted in a loss this past year for many TV makers and Samsung, even though it is the world's largest manufacturer of TVs, and has the largest Worldwide sales market share, also saw a loss in its TV division.

However, Samsung hopes to re-invigorate its TV offerings and profit margins by devoting more resources to OLED TV technology. For more details and perspective on this developing story, read the official disclosure statement form Samsung, as well as reports from Bloomberg Business Week and CNET

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