redletterdave writes: "Samsung Electronics announced Monday that it will spin off its LCD business division to launch a new entity, provisionally called Samsung Display Co., set to go live on April 1, 2012. The new business will launch with about $668 million in capital, but Samsung plans to invest about $5.8 billion in 2012 to develop better displays. The move, which now awaits shareholder approval, has been rumored for months since Samsung's LCD business announced operating losses of $666 million in 2011, citing sluggish TV sales. The company's spin-off display business may eventually merge with Samsung Mobile Display, which makes the company's organic light-emitting diode (OLED) panels that are currently in high demand. Nam Ki Yung, a spokesman for Samsung, said the company is reviewing a merger of its LCD and OLED operations."
Economists can certainly disappoint you. One said that the economy would
turn up by the last quarter. Well, I'm down to mine and it hasn't.
-- Robert Orben