Samsung sells printing unit to HP for US$1.05 billion

Samsung sells printing unit to HP for US$1.05 billion
Posted 12 Sep 2016 20:18 Updated 12 Sep 2016 20:42
Samsung's printing unit has 6,000 employees and posted total revenue of 2 trillion won ($1.8 billion) in 2015 AFP/Jung Yeon-Je

SEOUL: Samsung Electronics will sell its printer business to US computer maker HP, the companies said Monday (Sep 12), as the South Korean giant accelerates restructuring efforts amid a generational power transfer in the founding Lee family.

HP said it will buy the unit for US$1.05 billion and that the deal will boost growth opportunities in the copier segment, while Samsung made clear the transaction was "part of the company's efforts to concentrate on its core business areas".

Samsung's printing unit has 6,000 employees and posted total revenue of 2 trillion won (US$1.8 billion) in 2015, the company said in its statement Monday.

Samsung Electronics - the world's largest smartphone maker that also produces home appliances and memory chips - is a flagship unit of the Samsung Group.

The group, currently chaired by Lee Kun-Hee, has merged, broken out or newly listed some of its key units in recent years as Lee prepares to hand over the reins to his son and company vice chairman J.Y. Lee.

Recent health problems concerning the senior Lee, currently bedridden after suffering a heart attack in 2014, have prompted the business to step up these efforts.

The Samsung Electronics board proposed a plan Monday to nominate J.Y. Lee as a new board member.

"More than two years after the hospitalization of Chairman Lee... the board of Samsung... believes that the time is now right to nominate Jay Y. Lee as a member of the board to allow him to take a more active role in the Company's strategic decision-making," the statement said.

The sale of the printing business and Lee's nomination were approved by the board Monday but remain subject to shareholder approval in October.

Despite effectively controlling the Samsung Group in recent years, the younger Lee has so far not taken any official board seat, maintaining a relatively low profile.

The group, comprised of dozens of units ranging from electronics to hotels, posted total revenue of US$287.8 billion in 2014, making it South Korea's largest business group.

- AFP


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Singapore could experience slighty hazy conditions in next few days: NEA

Singapore could experience slighty hazy conditions in next few days: NEA
Posted 11 Sep 2016 17:51 Updated 11 Sep 2016 22:48

SINGAPORE: There is a possibility that Singapore could experience slightly hazy conditions in the next few days if hotspot activities increase in southern Sumatra and the winds become unfavourable, said the National Environment Agency (NEA) on Sunday (Sep 11).

In an advisory, NEA said the prevailing winds are forecast to blow from the south or southwest and relatively dry weather conditions are expected for southern Sumatra.

According to NEA, 28 hotspots were detected mainly in southern Sumatra on Sunday. No visible smoke plume or haze was observed in the vicinity of the hotspots, it added.

The Pollutant Standards Index (PSI) for the next 24 hours is forecast to stay in the Moderate range. As at 5pm today, the 24-hr PSI was 51-55.

Thundery showers are expected in Singapore on Monday late morning and early afternoon.

NEA added that given the air quality forecast for the next day, everyone can continue with normal activities, while those who do not feel well - especially the elderly and children, and those with chronic heart or lung conditions - should seek medical attention.

- CNA/jq


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Caught an 1000 plus Pinsir

Spent some time before capturing this Pinsir.


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McAfee DAT version = 8285 (sep 11th 2016)

McAfee DAT version = 8285 (sep 11th 2016)

Link: here ( Select Yes. And it keeps getting updated daily. Region=US)



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Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

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Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

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Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

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