Components
Flextronics takes over Hughes Software in $226 million deal
NEW DELHI / MUMBAI: News Corp owned Hughes Network Systems (HNS), which holds a 55 per cent controlling stake in the India-registered Hughes Software Systems Ltd (HSS), announced today that it had sold its entire holdings to Flextronics International Asia Pacific Ltd . The all-cash deal was worth $ 226 million.
The HSS stock reacted favorably to the development and closed the day at Rs 531.10 on the Bombay Stock Exchange, up from the previous closing of Rs 520. On the National Stock Exchange, the scrip ended the day at Rs 531.50, up from yesterday’s closing rate of Rs 519.
Announcing the deal in Delhi at a press conference today, Flextronics’ US-based president (design, services), Ash Bhardwaj, said that the acquisition would add much value to the company’s activities, while adding that the management and the brand name of HSS would remain unchanged. Flextronics is a Singapore-based electronics manufacturing services (EMS) provider.
However, Flextronics would have three nominees of it on the HSS board, while there would be three independent directors. HSS will have six nominees of it on the board of directors.
In a notice put up on the Bombay Stock Exchange today, HSS stated it is in receipt of a letter dated 8 June from HNS Mauritius Holdings and HNS, the promoters of HSS, informing of they having executed share purchase agreement with Flextronics International Asia Pacific Ltd. HSS said it had agreed to sell its entire shareholding (representing 54.96 per cent of the company’s total issued and paid up equity share capital) to Flextronics at Rs 547 per equity share subject to fulfilment of certain conditions that include compliance with public offer requirements under market regulator Sebi’s diktat.
Some of HSS’s bigger clients include big global telecom companies. HSS reported revenue of Rs 3,604 million and net income of Rs 769 million in its fiscal year ended 31 March, 2004. revenues grew approximately 63 per cent in fiscal 2004 and are projected to grow about 25 per cent in fiscal 2005.
Flextronics hopes to close the approximately Rs 10.2 billion deal latest by October 2004, subject to regulatory approval, which would also include making an open offer to the public, having a shareholding in the company, at the same price at which it bought the 55 per cent shareholding from HNS.
A representative of DSP-Merrill Lynch, which helped in structuring the deal, said on the sidelines of the press conference that it does not expect very many people to come forward and sell out the shares of HSS , held by them, during an open offer that has to be made by Flextronics.
Hughes Software Systems , a Hughes Electronics Corporation subsidiary (controlled by Rupert Murdoch’s companies), is an end-to-end communication solutions provider for more than 200 customers worldwide, in the telecom infrastructure, communication service provider, and business process outsourcing sectors. A specialist in convergent network solutions, HSS offers products (licensable technologies) and strategic outsourcing services to its customers for mobile, fixed or IP networks. A global leader in protocol signaling solutions, HSS products and services help build comprehensive solutions for Voice over Packet and Broadband Wireless data. Its outsourcing services span the entire software lifecycle, from maintaining and enhancing legacy systems to product design, development, and testing services.
Assessed at SEI-CMMI Level 5, HSS has been an ISO 9001 company since 1996. One of the Best Employers in India, (BT- Hewitt study), HSS has development centers at Gurgaon, and Bangalore , in India, and at Nuremberg in Germany.
The company has sales and support operations in 10 international locations and has more than 2300 employees worldwide.
SEOUL: In the eternal battle between gamers demanding lightning-fast refresh rates and professionals craving pixel-perfect clarity, LG Display reckons it has found détente. The South Korean display titan is unveiling the world’s first 27-inch 4K OLED monitor panel that marries an RGB stripe structure with a blistering 240Hz refresh rate—a combination previously thought incompatible, like oil and water or fashion and function.
The breakthrough lies in how the pixels are arranged. RGB stripe structure lines up red, green and blue subpixels in neat rows, banishing the colour bleeding and fringing that plague lesser screens when you park your nose close to the display. It is the difference between reading crisp text and squinting at a rainbow-tinged mess. OLED panels using this method existed before, but they topped out at a sluggish 60Hz—fine for spreadsheets, useless for fragging opponents in first-person shooters.
LG Display’s engineering wizardry changes the game. By cranking the refresh rate to 240Hz whilst maintaining that pristine RGB stripe layout, the company has produced a panel that works equally well for colour-critical design work and twitchy gaming sessions. Better still, the panel incorporates Dynamic Frequency & Resolution technology, letting users toggle between ultra-high-definition at 240Hz and full-HD at a frankly ludicrous 480Hz. That is fast enough to make your eyeballs sweat.
The specs are suitably impressive: 160 pixels per inch for exceptional detail, optimised performance for Windows and font-rendering engines, and colour accuracy that should please the Photoshop brigade. LG Display achieved this by boosting the aperture ratio—the percentage of each pixel that actually emits light—and applying what it coyly describes as “various new technologies.” Translation: years of R&D and probably some sleepless nights.
Existing high-end gaming OLED monitors have relied on RGWB structures (which add a white subpixel) or triangular RGB arrangements. Both work, but neither delivers the sharpness that professionals demand. LG Display’s new stripe pattern is tailored specifically for monitor use, a recognition that staring at a screen from two feet away demands different engineering than watching telly from across the room.
The company is betting big on this technology, targeting the high-end monitor market where it already commands roughly 30 per cent of global OLED panel production. Among gaming OLED panels in mass production, LG Display claims world-leading specs across refresh rate, response time and resolution—a trifecta that sounds like marketing bluster until you check the numbers.
“Technology is the foundation of leadership in the rapidly growing OLED monitor market,” says LG Display head of the large display business unit Lee Hyun-woo. He promises to keep pushing “differentiated technologies compared to competitors”—corporate-speak for staying ahead of Chinese rivals snapping at LG’s heels.
The new panel will debut at CES 2026 in Las Vegas, where LG Display plans to woo customers and expand its lineup. Initial rollout targets high-end gaming and professional monitors, the sweet spot where people actually pay premiums for superior screens rather than settling for whatever came with their laptop.
Whether this technology reshapes the monitor market or remains a niche luxury depends on two things: pricing and production scale. But for now, LG Display has pulled off something rare—a genuine technical leap that solves a real problem. Gamers get their speed, designers get their clarity, and LG gets bragging rights. In the cutthroat world of display tech, that counts as a win.
