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Samsung knows something, sold shares of 4 companies in emergency mode
  • Vitaliy_KiselevVitaliy_Kiselev

    Samsung continue shrinking down and focusing on high marginal parts only.

    Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses.

    Samsung sold about half of its shares in ASML while selling its entire 4.2 percent stake in Seagate. The company also sold its 0.7 percent stake in Sharp Corp and its 4.5 percent stake in Rambus Inc.

    A Samsung spokeswoman told Reuters the total proceeds from the sales exceeded 1 trillion won ($888.85 million) but declined to give further details including when the shares were sold.

  • 7 Replies sorted by
  • alcomposeralcomposer

    That is a lot of cash.

  • Manu4VendettaManu4Vendetta

    And the business of cameras, they let or not ofically?

  • Vitaliy_KiselevVitaliy_Kiselev

    And the business of cameras, they let or not ofically?

    For now all camera engineers are focused on innovation in smart refrigerators sector :-)

    No one know Samsung plans for next few months even. May be they plan to leave smartphones market?

  • sohussohus

    The Gear 360 camera I would say? Or is that outsourced?

  • Manu4VendettaManu4Vendetta

    Thanks VK.

  • HellohogoHellohogo

    gotta pay for the largest recall in recent history.

  • Vitaliy_KiselevVitaliy_Kiselev

    @Hellohogo

    With Note 7 margins they don't have to pay much :-) And they have billions in cash anyway.

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