InfoAnda - Samsung, Sony JV to cut capital as Sony struggles with TV loss |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

British viewer wins role in Aussie soap | 17 July 2010
IBM uses DNA to make next-gen microchips | 17 August 2009
Putin says before poll Russia needs stronger army | | 20 February 2012

US slams rights abuses in China, N.Korea and Iran | 12 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : Samsung, Sony JV to cut capital as Sony struggles with TV loss |

Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Man overpowered trying to hijack Alitalia flight 24 Apr 2011 Small plane full of cocaine crashes in New Mexico lake 24 Apr 2011 Air strike flattens building in Gaddafi compound | 2:21am EDT Five women brutally murdered in Mexico beach resort 23 Apr 2011 NATO jets strike inside Gaddafi compound 24 Apr 2011 Discussed 1 Spot silver jumps 5 pct to $49.25, just below all-time high 1 Future Ventures sets IPO price band at 10-11 rupees 1 France and Italy bid to defuse African migration row Watched Nissan checks cars for radiation Fri, Apr 22 2011 The journey from Misrata. Sun, Apr 24 2011 Gunfire and tanks in Syria Sun, Apr 24 2011 Samsung, Sony JV to cut capital as Sony struggles with TV loss Tweet Share this SEOUL (Reuters) - S-LCD, a flat screen joint venture between Sony Corp and Samsung Electronics, said it would reduce capital by $555 million, as Sony struggles with perennial losses from its TV business and Samsung seeks to shift to a new type of... Email Print Related News Analysis:North Korea diplomacy at a crossroads:talk or troubles? Sun, Apr 24 2011 Ex-Sony chief Ohga, who led push into music and movies, dies Sat, Apr 23 2011 Samsung countersues Apple over iPhone, iPad Fri, Apr 22 2011 Morgan Stanley trading turnaround makes progress Thu, Apr 21 2011 Morgan Stanley, MUFG JV to book $1.7 billion loss Thu, Apr 21 2011 Analysis & Opinion Deals wrap: The value of Groupon 6 reasons your business hates you Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Media » Stocks SEOUL | Mon Apr 25, 2011 3:36am EDT SEOUL (Reuters) - S-LCD, a flat screen joint venture between Sony Corp and Samsung Electronics, said it would reduce capital by $555 million, as Sony struggles with perennial losses from its TV business and Samsung seeks to shift to a new type of display. The global liquid crystal display (LCD) market is struggling with faltering demand, with some analysts forecasting the $100 billion LCD TV industry had already picked last year and would shrink by 3-4 percent annually, as consumers in advanced countries have already traded their bulky tube TV sets to flat screens. LCD is widely expected to give way to new displays such as energy-efficient active matrix organic light-emitting diode (AMOLED), which is increasingly used in high-end smartphones and tablets and touted as a future large-sized TV display. In a statement on Monday, S-LCD, which supplies panels to Samsung and Sony, said the move was aimed at improving its capital structure. The 50-50 LCD joint venture announced its first capital reduction of 600 billion won ($555 million) after more than tripling its capital to 3.9 trillion won since Sony and Samsung formed the venture in 2004 with 1.26 trillion won to ensure smooth supply of flat screens for Sony. "The decision reflects shrinking demand from Sony after the devastating earthquake in Japan last month and the sector's overall shift in focus to OLED display," said Kim Sung-in, an analyst at Kiwoom Securities. "Sony has bought around 1.1-1.2 million units of LCD panels every month from the venture but it can't buy that much any more due to weak sales in Japan. With the overall demand for LCD displays set to shrink further, Samsung and Sony are likely to gradually wind up the business and focus instead on OLED," Kim said. Sony will not raise its stake in a separate LCD venture with Sharp Corp for at least a year, a Sony source said last week, a move that reflects the industry's growing caution over growing exposure to the LCD industry, which has been in a glut since last summer. Sony needs to slash costs as it heads for a seventh straight year of losses in its TV business. Highlighting soft demand from TV makers, Philips Electronics said this month it would transfer its TV business into a joint venture with TPV Technology. Since the March 11 earthquake, six analysts have lowered Sony's operating profit estimates for the year to March 2012 by 19 percent on average, according to Thomson Reuters I/B/E/S, as Sony considers a complete two-week summer shutdown of some company premises due to Japan's power shortages. On Friday, Samsung is expected to report its quarterly profit had dropped to nearly a two-year low as its LCD business is widely expected to report a loss for January-March. Panel makers have reduced production after the powerful earthquake on March 11 but demand from TV and computer makers is too weak to absorb even lowered supplies, sending prices of large-sized LCD panels down more than one third over the past year. S-LCD said it would cancel 120 million shares to reduce equity capital by 600 billion won to 3.3 trillion won, after having had strong cash flow last year. The company reported 11.4 trillion won in 2010 revenue and 204.6 billion won of net profit, up more than 12 times from 16.4 billion won a year ago, resulting in 747 billion won of positive cash inflow last year alone. Samsung, the world's top LCD maker, is planning a 5.4 trillion won investment each in LCD and AMOLED this year. Shares in Samsung, Asia's most valuable technology company with $136 billion in market value, closed down 1.7 percent and Sony fell 0.4 percent on Monday. ($1 = 1081.050 Korean Won) (Reporting by Miyoung Kim; Editing by Anshuman Daga) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 25 April 2011
Iraqis rally against extending U.S. troops presence |
Darfur referendum set for July 1: state media |
Thousands of protesters demand A New Morocco |
Move Mubarak to prison hospital, prosecutor says |
Somalia postpones vote to 2012 amid security crisis |
Bahrain crown prince declines royal wedding invite |
Rio still No. 1 at world box office |
Saleh defiant, day after agreeing to handover plan |
Carter says hopes to meet North Korea leader and son |
Troops open fire in Syria's Deraa |
Air strike flattens building in Gaddafi compound |
Guns silent on Thai-Cambodian border; talks cancelled |
Strong quakes hit Indonesia's Sulawesi island |
Man overpowered trying to hijack Alitalia flight |
Beijing blaze kills 17 in illegal building |
Japan PM under pressure after party falters in local |
Insurgents tunnel into Kandahar jail, freeing nearly 500 |
Nintendo to release successor to Wii next year |
Apple's iPad miss prompts cuts in forecast |
Nintendo annual profit drops 52 percent as Wii sales slow |
Leaked Guantanamo files reveal detainee details: report |
Samsung, Sony JV to cut capital as Sony struggles with TV loss |
Mizuho Bank head to resign over computer glitch: report |
Exclusive: Apple to beat Google on cloud music: sources |
Russia Kaspersky Lab says founder's son freed |
How rock music is saving books |
Rio still No. 1 at world box office |
Crowe pays homage to Elton John, Leon Russell |
Paul Simon takes graying fans on world tour |
Water for Elephants a lost opportunity |
Tribeca documentaries examine bullying and toxicity |
Metallica dusts off classics for desert metal fest |
Leaked documents name Pakistan spy agency as al Qaeda associate |
India arrests ex-games chief as telecoms case widens |
Egypt makes concession to anti-governor protesters |
At least 38 dead after boat sinks in Congo |
UAE activists suspected of incitement and insults |
Nintendo to launch new Wii in 2012 as profit slips |
Apple's iPad miss prompts cuts in forecast |
BlackBerry firm seeks security balance in Russia |
Leaked Guantanamo files reveal detainee details: report |
China to punish Baidu for illegal music downloads |
Samsung, Sony JV to cut capital as Sony struggles with TV loss |
Iran says it has detected second cyber attack |
Zagg shares rise; good reviews for iPad 2 keyboard case |
How rock music is saving books |
Crowe pays homage to Elton John, Leon Russell |
Paul Simon takes graying fans on world tour |
Water for Elephants a lost opportunity |
Metallica dusts off classics for desert metal fest |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01