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Chairman says Samsung to focus on new products
by Staff Writers
Seoul (AFP) Jan 2, 2012


South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.

Lee Kun-Hee, in a New Year's speech to employees, said existing businesses would experience a stagnation in growth, and that new start-ups would provide the best opportunities even although they will find it increasingly competitive during the downturn.

"Samsung's future lies in new businesses, new products and new technologies," he said, stressing the need for "increasing investment and jobs and focusing on exports."

Samsung is the world's largest technology company by revenue and closely competes with Apple in the fast-growing smartphone market.

It is also the world's leading memory chipmaker and makes a wide range of products from semiconductors to TVs and mobile gadgets.

"We should change our corporate culture in ways that are more open, flexible and innovative. We should only think about something new and breaking all existing rules," he said.

-- Dow Jones Newswires contributed to this report --

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Raytheon BBN Awarded Research Contract To Enable Early Awareness Of Emerging Technology
Cambridge, MA (SPX) Dec 15, 2011
Raytheon BBN Technologies has been awarded $5.2 million by the Intelligence Advanced Research Projects Activity (IARPA) under the Foresight and Understanding from Scientific Exposition (FUSE) program. BBN is a wholly owned subsidiary of Raytheon. The goal of the FUSE program is to develop automated methods that assist analysts and subject-matter experts in recognizing emerging technologies ... read more


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