Samsung Electronics hosts Analyst Day,
Largest event held by an Asian corporation.
SEOUL, Korea November 3, 2005: Samsung Electronics Co., Ltd.
invited analysts to present the companys mid- and long-term
visions in the largest-scale Analyst Day event ever hosted by an
Asian corporation.
The company announced five major goals:
to be one of the top three electronics companies in the world
in quantity and in quality by 2010;
to more than double its 2004 sales revenue by the year 2010;
to have 20 number one market share products in the world by
2010 (currently the company has eight number one market share products);
to identify eight growth engines for Samsungs business
including their Digital Television (DTV) products and printers and;
to pursue innovation throughout all six main areas of the
companys business operations.
Samsung Electronics also presented its vision to lead the digital
convergence revolution. First, by 2007 Samsung Electronics aspires
to be one of the top three companies in the world in terms of new
patent holdings. Second, in the semiconductor sector, Samsung plans
on achieving 61 billion US dollars in sales with 24 domestic Fabrication
Plants (FABs) by 2012.
Third, Samsung intends to become the leading producer of all-in-one
mobile phones in the Information Technology (IT) sector. Fourth,
Samsung will aim to reach 20 billion US dollars in Liquid Crystal
Display (LCD) sales by 2010. Finally, for its Digital Media Business
(DM), Samsung intends on leading the expansion of the digital consumer
world by achieving 30 billion US dollars in sales by 2008. With
aggressive business plans tailored for each sector, Samsung Electronics
pledged to do what is necessary to increase its value for shareholders.
Samsung Electronics hosted their first Analyst Day event on Thursday,
November 3, conducting the largest Analyst Day event ever held by
an individual company in the Asian region. Samsung Electronics briefed
around 300 guests on its current management situation and presented
its mid- and long-term visions and business strategies for each
individual sector. Among the guests were analysts, institutional
investors and IT market experts. 184 of the guests came from overseas,
while 105 were from South Korea.
Vice Chairman Jong Yong Yun of Samsung Electronics announced that
the company will be one of the top three electronics companies
in the world in quantity and in quality by 2010, by increasing the
number of our leading market share products from the current eight
to more than 20 products and also by more than doubling our 2004
sales.
Vice Chairman Yun then identified eight growth engines which Samsung
will focus on. They are; large storage memory chips, next generation
displays, next generation mobile telecommunications, digital TVs,
next generation printers, system LSI, next generation mass storage
and finally, air control system.
To help stimulate growth in the above eight growth engines, Vice
Chairman Yun emphasized that Samsung would aggressively pursue innovation
of six main aspects: Products, Technologies, Marketing, Process,
Global Operation and Organizational Culture.
Significance of Samsung Electronics first Analyst Day
Samsung Electronics first Analyst Day was aimed at increasing
the confidence shareholders have in Samsung by clearly presenting
to them and to the world Samsungs aggressive and forward-looking
business plan, and will ultimately act as a catalyst in sparking
growth which will increase the shareholder value of Samsung Electronics.
Senior Vice President WooSik Chu of the Investor Relations (IR)
Team said, Analyst Day is an opportunity for investors and
market interest holders to better understand Samsung Electronics
mid- and long-term visions, strategies and futuristic technologies.
Chu added that Samsung Electronics will aggressively engage
in investor relations to improve communication with shareholders,
demonstrating their importance to Samsung as well as improving the
transparency of Samsungs business management process.
The event will continue on Friday, November 4, when the participants
will attend seminars on forward-reaching technologies and products
of Samsung Electronics. The participants will also have the opportunity
to visit the companys factories in Kihung and Tangjung.
Through various IR strategies, Samsung Electronics has introduced
its business management activities to investors as well as to the
general public. As a result, Samsung Electronics was named the company
that enhanced shareholder value the most in Asia by CFO Asia magazine
last October. Samsung Electronics also received Koreas Best
Corporate Governance Award from Asset magazine in March. Additionally,
Finance Asia magazine named Samsung Electronics Asias best
managed company and IR Magazine named Samsung Electronics the best
Asian company with IR activities in the United States.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor,
telecommunication, digital media and digital convergence technologies
with 2004 parent company sales of US$55.2 billion and net income
of US$10.3 billion. Employing approximately 113,600 people in 90
offices in 48 countries, the company consists of five main business
units: Digital Appliance Business, Digital Media Business, LCD Business,
Semiconductor Business and Telecommunication Network Business. Recognized
as one of the fastest growing brands, Samsung Electronics is the
world's largest producer of color monitors, color TVs, memory chips
and TFT-LCDs. For more information, please visit www.samsung.com.
Gaurav Sinha
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