Computer Pad: Samsung emerges from the liquidity crisis of the Galaxy Note 7

Monday, September 19, 2016

Samsung emerges from the liquidity crisis of the Galaxy Note 7 – Numerama

The south Korean company Samsung has announced that it has sold all of its shareholdings in three companies in the high-tech sector. It has also reduced the wing in a fourth. What freeing up cash at a time when the company faces serious problems with the Galaxy Note 7.

Samsung Electronics is no longer to disperse as much as before in all sorts of other activities. In a market of consumer electronics in constant mutation, the south Korean company wants to refocus to its core business and get out of the areas in which it anticipates more growth prospects are sufficiently high to maintain.

as Well, the company completed the sale of its division that specialises in printers, which was taken over by Hewlett-Packard. The closing of the transaction will be completed by a maximum of one year. The partial withdrawal, however, since, in the context of this assignment, it was decided that the firm would undertake an investment of 100 to 300 million dollars in the form of shares.

Sharp, Seagate, ASML, Rambus

added To this is the decision of the group to sell its shares in the four companies of the high-tech, namely, Sharp, Seagate, ASML (a Dutch specialist in semi-conductors) and Rambus (an american company, a manufacturer of chips). The gains identified are not detailed but they would reach, according to the south Korean agency Yonhap, nearly 1 000 billion won (about 800 million euros).

during the maneuver, the asian firm is separate from the totality of its shares in Sharp (0.7 per cent), Seagate (4.2%), and Rambus (4.5 per cent). On the other hand, she still retained a small share in the capital of ASML, to 1.5 %, although it had two times before.

challenging environment

The ordering of the investments and operations of Samsung Electronics are not directly related to the serious problems faced by the company with the Galaxy Note 7, that can in some cases lead to an explosion of the device. However, the cash that comes to be disengaged is welcome at a time when the firm is in the process of organizing a recall worldwide of its terminals to repair them.

until the phones are repaired and returned to their owners, the firm has enacted guidelines to follow to prevent its customers from being exposed to overheating unfortunate of the battery. The company has also indicated that a software change is being developed in order to curb the loading of the batteries at 60 % of maximum.