It’s not often you see a product that is both cool, and designed to embarrass one of the technology suppliers that created it. One particular case makes both an interesting product and an interesting back story. Not only did one of the major parts suppliers abstain from its announcement, the company did its level best to try to stop the product altogether.
Tag Archive: big screen tvs
LG.Philips LCD Plans $1 Bln Flat-screen IPO
South Korea’s LG Electronics Co Ltd said on Thursday its joint venture with Philips Electronics NV of the Netherlands planned to list within five months in New York and Seoul.
LG.Philips LCD will use the IPO proceeds to pay for new factories, after saying last month it would invest $21 billion over the next 10 years to capitalise on booming demand for big screen TVs.
The venture generated a net profit of 398 million euros ($473 million) on sales of 1.54 billion euros in the fourth quarter.
Read more at Reuters
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