Forum Discussion
rockhillmanor
Sep 06, 2014Explorer II
Ran across this article in Barron's. Explains why these real smart phones sold thru Straight Talk and the like are so cheap.
..."SAMSUNG IS BEING SQUEEZED in its core smartphone business by Chinese players such as Xiaomi, Lenovo (992.Hong Kong), ZTE (0763.Hong Kong), and Huawei Technologies, which are virtually giving away smartphones at cost..."
And this why Samsung is tanking and in financial trouble. CEO in coma and When the father dies son has to pay 6 billion!
..."Why isn't Samsung returning cash to investors? Chairman Lee Kun-hee, who, with family holding companies, is Samsung's biggest shareholder, has been in a coma following a stroke. His son and vice chairman, Lee Jae-yong, is liable to pay 50% of his inheritance in taxes, or over $6 billion. The tax will be based on the value of Samsung's shares upon his father's death..."
Samsung In Transition Real good read article.
http://online.barrons.com/news/articles/SB50001424053111903849404580057463322453810
..."SAMSUNG IS BEING SQUEEZED in its core smartphone business by Chinese players such as Xiaomi, Lenovo (992.Hong Kong), ZTE (0763.Hong Kong), and Huawei Technologies, which are virtually giving away smartphones at cost..."
And this why Samsung is tanking and in financial trouble. CEO in coma and When the father dies son has to pay 6 billion!
..."Why isn't Samsung returning cash to investors? Chairman Lee Kun-hee, who, with family holding companies, is Samsung's biggest shareholder, has been in a coma following a stroke. His son and vice chairman, Lee Jae-yong, is liable to pay 50% of his inheritance in taxes, or over $6 billion. The tax will be based on the value of Samsung's shares upon his father's death..."
Samsung In Transition Real good read article.
http://online.barrons.com/news/articles/SB50001424053111903849404580057463322453810
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