Sony Corporation (“Sony”) and Samsung Electronics Co., Ltd. (“Samsung”) today announced that the two companies have signed agreements to transition the current business relationship with respect to LCD panels.
Under the agreement, Samsung will acquire all of Sony’s shares of S-LCD Corporation (“S-LCD”), the two companies’ LCD panel manufacturing joint venture, making S-LCD a wholly owned subsidiary of Samsung. In consideration for the share transfer, cash consideration of approximately KRW 1.08 trillion* will be paid to Sony by Samsung. Concurrently, the two companies have entered into a new strategic agreement for the supply and purchase of LCD panels with a goal of enhancing the competitiveness of both companies. The agreement also allows Sony and Samsung to continue cooperative engineering efforts focused on LCD panel technology.
For Sony, this transaction will enable it to monetize its shares in S-LCD and aims to secure a flexible and steady supply of LCD panels from Samsung, based on market prices and without the responsibility and costs of operating a manufacturing facility. With whole ownership of S-LCD, Samsung anticipates heightened flexibility, speed and efficiency in both panel production and business operations.
Established in April 2004, S-LCD has continued to deliver advanced and cost-competitive LCD panels to both of its parent companies, contributing to the expansion of the respective parties’ TV businesses, and the large-sized LCD TV market overall. However, LCD panel and TV market conditions have now changed. In order to respond to such challenging conditions and to strengthen their respective market competitiveness, the two companies have agreed to shift to a new LCD panel business alliance.
The share transfer and payment are targeted to close by the end of January 2012, subject to necessary approvals from regulatory authorities.
As a result of this transaction, a non-cash impairment loss of approximately JPY 66 billion is expected to be incurred by Sony in the third quarter of the fiscal year ending March 31, 2012, due to the reevaluation of its S-LCD shares. This loss includes an impact from the fluctuation of exchange rate. Despite this one-time loss, Sony estimates that the transaction will result in substantial savings on and after January 1, 2012 in respect of costs associated with its procurement of LCD panels. The current estimate of the yearly savings in respect of such costs is approximately JPY 50 billion, compared to LCD panel procurement costs estimated for the fiscal year ending March 31, 2012. Neither the one-time loss nor the estimated cost savings were included in Sony’s forecast of consolidated financial results for the current fiscal year ending March 31, 2012, announced on November 2, 2011. Sony is currently reevaluating this forecast, taking into account this transaction and other factors that might affect its full year FY2011 consolidated financial results forecast.
Facts about S-LCD
:April 26, 2004
:KRW 3.3 Trillion
(Samsung Electronics: 50% plus 1 share, Sony: 50% minus 1 share)
:Donggun Park, CEO
:Tangjeong, Chung Cheong Nam-Do, South Korea
:7th and 8th generation Amorphous TFT LCD
*Note: The final amount of such payment will be determined based on S-LCD’s financial statements as of the end of December 2011.
HP Enterprise Services and Microsoft Corp. today announced a global, four-year initiative to deliver Microsoft’s leading communications and collaboration applications via global private and public cloud services.
Under the agreement, HP and Microsoft will offer private and public cloud solutions designed to help organizations rapidly scale new users, shift IT resources from maintenance to innovation and change IT from a capital to operating expense. The solutions include the following:
Private cloud: HP Enterprise Cloud Services – Messaging, HP Enterprise Cloud Services – Collaboration and HP Enterprise Cloud Services – Real-Time Collaboration deliver Microsoft Exchange Server 2010, Microsoft SharePoint Server 2010 and Microsoft Lync Server 2010 productivity applications as a service from HP datacenters around the world.
Public cloud: Microsoft Office 365, Microsoft’s Office collaboration and productivity tools, will be delivered by Microsoft through the cloud.
Hybrid solution: HP will resell Microsoft Office 365 with HP Enterprise Cloud Services – Messaging, HP Enterprise Cloud Services – Collaboration and HP Enterprise Cloud Services – Real-Time Collaboration.1
HP and Microsoft engineering resources will collaborate to deploy, support and enhance the new solutions. The solutions will launch globally, with initial availability this month in Australia, Canada, the United Kingdom and the United States.
“Large organizations, particularly those in regulated industries like financial services and public sector, have demanding functionality and service level requirements,” said Brandt Faatz, vice president, Workplace Services, HP Enterprise Services. “HP and Microsoft help meet these needs with a flexible range of global, cost-efficient, cloud-based productivity solutions running on the latest technology.”
“Microsoft is committed to putting the unique and ever-evolving needs of customers at the core of cloud innovation,” said Mark Hill, vice president, Enterprise Partner Group, Microsoft. “This alliance with HP not only broadens Microsoft’s geographic reach, it gives customers maximum flexibility to choose a cloud computing solution that meets their organization’s specialized messaging and collaboration needs.”
HP and Microsoft have delivered technical innovation together for more than 25 years. They offer joint solutions that help organizations around the world improve services through the use of innovative technologies.
First Smartphone to Combine Android™ 4.0 Ice Cream Sandwich and the Power of America’s Fastest, Most Reliable 4G Network
BASKING RIDGE, N.J. – Verizon Wireless, Samsung Telecommunications America (Samsung Mobile) and Google™ announced the Galaxy™ Nexus™ is available starting today in Verizon Wireless Communications Stores and online at www.verizonwireless.com for $299.99 with a new two-year customer agreement.
Customers can browse the Web, stream music and more at blazing speeds using the Verizon Wireless 4G LTE network. Galaxy Nexus customers can enjoy access to the 4G LTE network in 190 markets covering over 200 million people across the United States, and fly through the Web with fast download speeds of 5 to 12 megabits per second (Mbps) and upload speeds of 2 to 5 Mbps within the 4G LTE Mobile Broadband coverage area.
Galaxy Nexus runs Android™ 4.0, Ice Cream Sandwich, which brings an entirely new look and feel to Android. Galaxy Nexus offers customers a redesigned user experience with improved multi-tasking, notifications, Near Field Communications (NFC) sharing with Android Beam™ and a full Web browsing experience. The lock screen, home screen, phone app and everything in between has been rethought and redesigned to make Android simple, beautiful and useful. Galaxy Nexus also features an ultra-thin 9.47mm design with a 4.65-inch HD Super AMOLED™ Contour Display to watch movies, view pictures and play games that come to life in 720p (1280×720) resolution.
Android 4.0 (Ice Cream Sandwich) features:
• Redesigned user interface with software navigation buttons—a first for Android smartphones—and a dedicated recent apps button to make multitasking easy.
• Face Unlock – use state-of-the-art facial recognition to unlock Galaxy Nexus
• Android Beam™ – quickly share Web pages, apps, contacts and YouTube™ videos with friends by simply tapping two compatible phones together
• Redesigned Camera – introduces panorama mode, 1080p video capture, zero-shutter lag for instant photo capturing, and effects like silly faces and background replacement
• People Application – browse friends, family and coworkers, see their photos in high-resolution and check their latest status updates from Google+ and other social networks
• Cloud Services – keep email, contacts, photos, music, browser bookmarks and other data synced to the cloud and across multiple devices so customers never lose important data
• Google Music – upload up to 20,000 songs to the cloud, discover and buy new music from Android Market™, and stream it instantly on Galaxy Nexus and from the Web, free
• Google+ – Create a Google+ account right from the phone and check status updates, manage circles, quickly share updates and photos, video chat with up to ten friends with mobile hangouts, and chat with groups of friends with Google+ Messenger
• Support for Google Mobile™ Services – Gmail™, Google Maps™ with 3D maps and free turn-by-turn navigation, Google Earth™, Movie Studio, YouTube, syncing with Google Calendar™, a redesigned Google+ app and access to more than 300,000 apps, millions of eBooks, thousands of movies to rent, and millions of songs available to download from Android Market
• Dual-core 1.2 GHz application processor and HTML5 Web browser – optimized dual-core processing with Android 4.0 combined with lightning fast 4G LTE connectivity for fast downloading of graphics, applications processing and Web browsing
• Mobile Hotspot capability – share 4G LTE or 3G connection with up to 10 Wi-Fi-enabled devices
• 5-megapixel rear-facing camera with zero-shutter lag for instant photo capturing, autofocus and LED flash with full 1080p recording
• Front-facing 1.3-megapixel camera for video chat
• Textured soft-touch back cover enhances the ergonomic feel and makes the phone slip-resistant
• Bluetooth® 3.0 technology – support for headset, hands-free, stereo, phonebook access, human interface device (HID) and object push for vCard and vCalendar
• 1 GB RAM and 32 GB on-board memory (actual formatted capacity will be less)
Pricing and data packages:
• Galaxy Nexus is available now in Verizon Wireless Communications Stores and online at www.verizonwireless.com for $299.99 with a new two-year customer agreement.
• Customers that purchase a Galaxy Nexus by Samsung will need to subscribe to a Verizon Wireless Nationwide Talk plan beginning at $39.99 monthly access and a smartphone data package starting at $30 monthly access for 2 GB of data.
Panasonic Corporation, Samsung Electronics Co., Ltd., SanDisk Corporation, Sony Corporation and Toshiba Corporation today announced that they have reached an agreement in principle to collaborate on a new content protection technology for flash memory cards such as SD Cards and various storage devices. Under the “Next Generation Secure Memory Initiative,”*1 the five companies will start preparing for licensing and promotion of HD (high-definition)-capable security for SD Cards and embedded memory for use in advanced consumer applications such as tablets and smartphones.
This content protection solution will be robust enough to protect HD content. A high level of content security will be realized through the use of the initiative’s technologies, including unique ID (identification) technology for flash memory and robust copy protection based on public key infrastructure.
The five companies believe this technology will enable various HD content applications such as HD network download, broadcast content to go and HD Digital Copy/Managed Copy from Blu-ray Disc™*2 media. With these applications, users can enjoy HD content on a wide range of devices, including Android™*3-based smartphones and tablets, TVs and Blu-ray™*4 products.
The five companies believe that they each can make substantial contributions that, when combined, will enable them to start licensing the new secure memory technology early next year. The five companies expect to see adoption of flash memory products and various embedded flash memory solutions using this technology in the market in 2012.
“Panasonic has always been an innovator in providing the best possible content viewing experience in the living room through development of Blu-ray and Blu-ray 3D™ technologies and products” said Yoshiyuki Miyabe, Corporate CTO, Panasonic Corporation. “With our new secure memory solution, we are excited to create a strong link between the living room experience and the mobile experience. Now consumers can enjoy watching premier content, such as movies, on the go with their smartphones and tablets”.
“Samsung believes that the time is ripe for an advanced security solution and welcomes the opportunity to deliver a highly viable solution using flash memory chips. Samsung’s ongoing commitment to technology excellence will now further extend to early market availability of high-performance NAND technologies implementing the new advanced security solution,” said Young-Hyun Jun, Executive Vice President, Memory Business, Samsung Electronics. Co., Ltd.
“Consumers are ready for a solution that enables the effortless consumption of online and offline content across multiple device platforms,” said Sumit Sadana, Senior Vice President and Chief Strategy Officer for SanDisk. “SanDisk looks forward to building on its history of innovation in the Flash industry by delivering optimized memory solutions to enable this new usage model with robust security technologies that can protect premium content.”
“We believe the secure solution created by this initiative will enable customers to enjoy high quality experiences anytime, anywhere. Sony has always been focused on bringing amazing experiences to people through highly-advanced technologies in content creation, content distribution and picture display,” said Hiroshi Yoshioka, Corporate Executive Officer and Executive Deputy President, Sony Corporation.
“This technology will open a new door to flash memory applications. As a flash memory manufacturer, we are pleased that our flash memory technology will contribute to bringing people more convenient and exciting experiences of HD content. We will continue our development efforts to create surprising innovation,” said Yasuo Naruke, Corporate Vice President, Vice President, Memory Division, Semiconductor & Storage Products Company, Toshiba Corporation.
With a bright 3.5-inch touch screen and dual camera for photos, this new smartphone maintains the perfect balance between elegance, affordability and intuitive operation
SANTIAGO, Chile – Dec. 21, 2011 – Now there is no need to sacrifice design or function with Motorola SPICE™ XT, the new, slim and budget-friendly Android™-powered smartphone Motorola Mobility Chile Limitada. Motorola SPICE XT gives users a more engaging experience with its 3.5-inch, extra-bright touch-screen display, dual cameras for vivid video capture, and all the social networking you could want. Motorola SPICE XT is now available through the main operators in the country.
Running on Android™ 2.3 (Gingerbread), Motorola SPICE XT is the perfect balance of sleek design, affordability and intuitive functionality. Capture and share your memories in crystal clear clarity with its 5-megapixel auto-focus camera with built in flash. Typing text and email messages is faster and easier with the Swype touch-screen keyboard. Plus, with access to the world’s leading social media applications, it’s easy to stay in constant contact with friends and family.
The fashionable Motorola SPICE XT also offers unique personalization options through the Moto Switch interface that allows you to switch between friend- and work-centric modes depending on what you’re doing.
“Our smartphones have gained a very special place in our user’s personal and professional lives. That’s why Motorola Mobility continues to develop modern, attractive and feature-packed devices,” said Fernando Sanchez, general manager for Motorola Mobile Devices Chile. “Motorola SPICE XT is an affordable device that gives young, fast-moving users everything they want from a top-quality smartphone.”
Motorola SPICE XT brings you a high quality internet experience because it supports Adobe Flash and hi velocity mobile networks and Wi-Fi. It also allows the users to switch it into a hotspot Wi-Fi device.
Motorola SPICE XT users will have access to Google Mobile™ Services such as Gmail™, Google Talk™, Google Maps™ with Navigation, YouTube™ and web searching. Users also have access to more than 300,000 apps in the Android Market™.
Key Features and Specifications:
Runs on Android 2.3 (Gingerbread). Access to thousands of apps in the Android Market.
800 MHz Processor
Connectivity through HDSPA networks up to 7.2 Mbps and Wi-Fi b/g/n
Access to more than 300,000 apps in Android Market
3.5” HVGA display with capacitive multi-touch
5MP camera with auto-focus and built in flash
Front-facing VGA camera for video call, chat and sharing
Moto Switch user interface allows users to shift to different modes
RAM memory; 800MHz processor
512MB onboard memory
Dual-band HSDPA/Quad-band EDGE
MicroSD card slot expandable up to 32GB
Access to Google Maps™ with Navigation, Google Talk™ and web browsing)
Hotspot Wi-Fi functionality
FM Radio with RDS support
Wi-Fi b/g/n and Wi-Fi hotspot capability
E-compass, proximity sensor, ambient light sensor, accelerometer
3.5mm Audio Jack
1540mAh battery, 8 hours of talk time and 21 days in standby 3G mode
Hi battery capacity of 1500mAh.
Availability and Price
The Motorola SPICE XT is now available through main operators in the country.