January 31, 1997 |
Samsung Electronics Co., the Korean giant that has come to the financial rescue of AST Research Inc. repeatedly in recent years, made a $469-million bid Thursday to acquire the computer manufacturer outright. Saying that it could not "continue to pour money, technology and management resources into AST without having direct control," Samsung offered to buy all of AST's outstanding shares for $5.10 apiece, or about 35 cents more than the closing price of AST's stock on Thursday.
January 15, 2008 |
Special prosecutors investigating corruption allegations at massive conglomerate Samsung Group raided an office of Chairman and Chief Executive Lee Kun-hee on Monday as part of a probe reluctantly approved last year by South Korea's president, an official said. Government investigators also raided the company's headquarters in Seoul today, said Yim Jun-seok, a Samsung spokesman. He said investigators entered the strategic planning office.
March 27, 2010 |
When corporate ethics activist Kim Gun-ho heard that convicted tax evader Lee Kun-hee had returned as chairman of Samsung Electronics, he winced and thought: "Here we go again." And who could blame him? In recent years, executives at some of South Korea's top companies have been convicted of crimes such as accounting fraud, embezzlement and breach of duty. Their sentences reduced, many have returned to their jobs. Some never left them. "Most of the chairmen at the 10 biggest companies are convicts," said Kim, a senior official at the Citizens' Coalition for Economic Justice, which has lobbied for more accountability from South Korean companies.
December 22, 1995 |
Christmas came a few days early for AST Research Inc. as the troubled company got $300 million in financial support from Samsung Electronics, triple the size of the package the companies had agreed upon in preliminary negotiations last month. As part of the deal, Samsung will provide AST with a bank credit guarantee of as much as $200 million for two years, as well as an additional $100 million to cover AST's purchases of computer components from Samsung.
January 31, 1997 |
Samsung Electronics Co., the Korean giant that has come to the financial rescue of AST Research Inc. repeatedly in recent years, made a $469-million bid Thursday to acquire the computer manufacturer outright. Saying that it could not "continue to pour money, technology and management resources into Irvine-based AST without having direct control," Samsung offered to buy all of the company's outstanding shares for $5.
May 4, 2012 |
Samsung Electronics Co. unveiled its latest hand-held weapon in its war against Apple Inc. - a smartphone dubbed Galaxy S III that is lighter and thinner than the iPhone despite having a screen nearly twice as large. The S III, with voice command, will go on sale in Europe at the end of this month and in the U.S. and other countries this summer. The company did not offer pricing information or disclose which U.S. carriers would offer the phone, which will run on 4G wireless networks.
September 3, 2012 |
After winning a landmark $1-billion patent infringement case against Samsung Electronics Co., Apple Inc. is taking aim at its rival's bestselling Galaxy S III phone. Apple has amended a complaint, filed in February, to include four more products to a list of Samsung gadgets that the Cupertino, Calif., tech giant says infringes on its patents. The list now includes the Galaxy Note smartphone as well as the Galaxy S III. In the complaint, Apple accuses Samsung of filling "the market with copycat products.
May 3, 2012 |
Samsung Electronics Co. unveiled its latest handheld weapon in its war against Apple Inc. The smartphone, called the Galaxy S III, is designed to better understand the whims of its owner, and manages to stay lighter and thinner than the iPhone, despite having a screen nearly twice as large. The SIII will go on sale in Europe at the end of this month, and in the U.S. and other countries sometime this summer. The company did not offer pricing information or disclose which U.S. carriers would offer the phone, which will run on faster 4G wireless networks.
December 6, 2012 |
SAN JOSE - A federal judge signaled Thursday that she might reduce Apple Inc.'s $1-billion jury award in its patent infringement case with Samsung Electronics Co. U.S. District Judge Lucy Koh did not specify by how much she might shave the award, but during a marathon afternoon hearing in federal court in San Jose she said it did appear that the jury had miscalculated damages. In August, after three days of deliberations in the complex patent case, a jury awarded Apple more than $1 billion.
November 23, 2012
Apple Inc. was ordered by a federal judge in its patent lawsuit against Samsung Electronics Co. to disclose licensing terms of a settlement with HTC Corp. U.S. Magistrate Judge Paul Grewal in San Jose said in an order Wednesday that financial terms of licensing agreements for other third parties have been disclosed in the patent-infringement case between Apple and Samsung. He ordered Apple to produce a copy of the agreement under an "attorneys-eyes-only" designation, meaning it won't be publicly available.