Wed, Jan. 14, 4:14 PM
- Samsung (OTC:SSNLF) proposed acquiring BlackBerry (BBRY +29.8%) for a price between $13.35-$15.49/share, according to a Reuters source. BlackBerry closed yesterday at $9.71, and has closed today at $12.60. Shares are up another 3.2% AH to $13.02.
- According to documents, Samsung's proposed acquisition range implies an enterprise value of $6B-$7.5B, after factoring $1.25B in convertible debt. Execs from both companies reportedly met last week.
- Reuters states Samsung is interested in BlackBerry's patent portfolio. BlackBerry could also mesh with Samsung's efforts to grow its enterprise presence, strengthen its embedded/IoT offerings, and (though this is easier said than done) lower its Google dependence. The companies announced a BES12-focused enterprise partnership in November.
- Previously: Samsung reportedly approached BlackBerry about acquisition
- Update: BlackBerry denies having talked with Samsung about a buyout offer.
Wed, Jan. 14, 3:50 PM| 140 Comments
Wed, Jan. 14, 2:42 AM
- Samsung Electronics (OTC:SSNLF) has launched the first smartphone that runs its homegrown Tizen operating system, a major step in advancing an alternative to Google's dominant Android platform.
- The newly released Z1 went on sale in India today for 5,700 rupees ($92) each.
- Up until now, Tizen-powered smartphones faced a series of delays, including the postponed release of the Samsung Z, which was scheduled to go on sale in Russia in 2014.
Tue, Jan. 13, 2:20 PM
- Northland Securities reports Samsung (OTC:SSNLF) is purchasing more DRAM equipment, and plans to ramp capacity. The firm thinks Micron (MU -2.3%) is likely to see the most pressure from Samsung's move, since it's a high-cost producer. (source: Notable Calls)
- Micron is adding to the Monday losses it saw on account of SanDisk's Q4 warning. Shares also sold off in July in response to Samsung capacity expansion fears, but later recovered .
- Goldman has been voicing concerns about rising DRAM capex for a while. Micron, for its part, struck a positive tone during last week's FQ1 CC about DRAM supply/pricing, and has long been arguing the industry's consolidation has changed its dynamics.
- Samsung had an estimated 41.7% Q3 DRAM market share. SK Hynix (HKSCF) had 26.5% of the market, and Micron 23.7% (source: Statista).
Thu, Jan. 8, 2:11 AM
- Confirming its first year of annual profit decline since 2011, Samsung Electronics (OTC:SSNLF) announced today that its fourth-quarter profit likely fell 37.4% Y/Y, hurt by falling sales at its smartphone division.
- Earlier this week, Samsung pledged to reinvent itself by focusing on the "Internet of things", and promised that all of its devices would soon be connected to the Internet.
Tue, Jan. 6, 3:24 AM
- Samsung is reinventing itself as a supplier of Internet-connected appliances and wearables as a result of heavy competition and slumping smartphone sales.
- Stating the plans at the Consumer Electronics Show in Las Vegas, Co-Chief Executive Officer Yoon Boo Keun announced that all Samsung Electronics (OTC:SSNLF) products will be Internet-ready within five years.
- Samsung will invest more than $100M in developers this year to accelerate its plans.
Thu, Jan. 1, 2:52 AM
- After failing to launch a Tizen-powered smartphone, Samsung Electronics (OTC:SSNLF) is now attempting to power every one of its Smart TVs in 2015 with its homegrown operating system.
- Together with Intel (NASDAQ:INTC), Samsung has been developing Tizen for years, with an initial focus of bringing the platform to its smartphones as an alternative to Google’s Android operating system.
Dec. 24, 2014, 11:20 AM
- Samsung has decided to close its flagship Experience Store in London, after opening around 10 stores across the U.K. since April and launching more than 20 others across Europe.
- The store had been seen as its main retail base in the country, playing host to a number of product launches in the past year.
- Samsung’s (OTC:SSNLF) electronics arm has faced a difficult year, suffering from falling earnings due to slumping smartphone sales. In response, the group has executed a management shake-up and cut back on its smartphone portfolio.
Dec. 24, 2014, 8:38 AM
- Samsung Electronics (OTC:SSNLF) strikes a deal with Sony (NYSE:SNE) to bring PlayStation Now to certain Smart TV models next year.
- The partnership is part of Sony's strategy to open up the PlayStation system to non-Sony devices.
- PS Now will be accessible through an app on the Samsung Smart Hut interface.
- The companies plan to give a sneak peek at the innovation at CES in January.
Dec. 19, 2014, 4:04 AM
- Looking to boost returns to shareholders amid a slump in earnings, Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is considering increasing its full-year dividend by as much as 50%. A final decision will be made by its board at the end of January.
- The dividend announcement comes less than a month after the electronics maker said it will buy back $2B of stock amid a company-wide restructuring.
- Samsung paid out 14,300 won ($13) per share in dividends last year.
Dec. 16, 2014, 11:49 AM
- Re/code reports Samsung (OTC:SSNLF) is talking with offline payments startup LoopPay about launching an Apple Pay rival that would work with virtually all credit/debit card terminals in existence.
- Whereas Apple Pay relies on NFC radios to transmit payment data (and thus requires terminals to support NFC), LoopPay's solution transmits a magnetic signal similar to that of a swiped card. Though the technology currently requires a card case or fob to work, Samsung (and other OEMs) could integrate it into future phones.
- Visa is a LoopPay investor. CEO Will Graylin recently promised LoopPay's tech would be embedded into a 2015 smartphone that would have "massive penetration," but didn't name the maker. He added the deal would also allow LoopPay to work with NFC, which could prove crucial as retailers phase out standard card swipes in favor of chip-and-PIN (EMV) terminals.
Dec. 11, 2014, 1:54 PM
- Thanks to Apple's huge A8 CPU orders, TSMC (TSM +0.6%) had November revenue of $2.32B, -10.5% M/M (seasonality) but +64.1% Y/Y. October sales were up 55.9% Y/Y.
- Sources tell Digitimes sales are also expected to fall M/M in December, but add TSMC is still set to hit Q4 revenue guidance of NT$117B-$120B ($3.74B-$3.84B).
- Meanwhile, Samsung (OTC:SSNLF) has begun producing chips using its next-gen 14nm FinFET process for an unnamed client (quite possibly Apple), a little earlier than expected. The process is expected to be used to make Apple's A9 CPU (going into 2015 iDevices), as well as upcoming Qualcomm processors.
- TSMC might also be responsible for some A9 output, via its 16nm FinFET process (set to enter mass-production in Q2 2015).
Dec. 10, 2014, 6:21 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is merging Samsung Electronics America and Samsung Telecommunications America, two sales subsidiaries in the U.S., to enhance efficiency and streamline its organization.
- The move follows a recent reshuffle of Samsung Electronics' senior management and the trimming of its smartphone portfolio to combat declining profit.
Dec. 2, 2014, 4:11 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is selling its fiber optics business to U.S. glass panel supplier Corning (NYSE:GLW).
- The sale includes Samsung Electronics' production facilities for the business in China and South Korea, a company spokeswoman said, although she declined to comment on details of the sale, including the price.
Dec. 1, 2014, 2:11 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) announced a modest reshuffle at its business units today that leaves almost all of its key unit chiefs in place, disappointing investors who had hoped for a major management shake-up amid slumping market share and profits.
- The South Korean company opted not to jettison J.K. Shin, chief executive of its mobile division, or his two co-chief executives – B.K. Yoon and Kwon Oh-hyun, who head the component and consumer electronics businesses respectively.
- Previously: Management shake-up at Samsung, mobile chief likely to be replaced
Nov. 26, 2014, 9:14 AM
- Samsung's (OTC:SSNLF) buyback is its first since 2007, and is equal to over 1% of a current market cap of $184B. The tech/electronics giant will buy back 1.65M common shares and 250K preferred shares.
- The buyback comes with Samsung's shares down over 20% from their early-2013 highs due to mobile share losses/price pressure. Bulls have argued the company's chip and display ops remain in good shape - the former has been buoyed by strong DRAM/NAND sales.
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