Company faces increasing competition from low cost chinese competitors like lenovo, huawei. It is a company that is dominating in so many areas you may not know about. Our editor at large, cory johnson has a look at the giant that is samsung electronics. Part apple, part intel, part whirlpool. Samsung electronics is a big, bold, and really diverse the Flagship Company itself, samsung group. Over 286,000 global employees who brought in 222 billion in revenue last year. You know about the companys huge success in smart phones and tablets. But together, the mobile i. T. Division accounted for 54 of revenues last year. Samsungs Success Story goes well beyond the familiar. Samsung is the world leader in dram and solidstate drives. The Company Makes mobile chipping counting fierce rival apple as one of its biggest customers. Manufacturers of led Lighting Fixtures as well. Samsung if the top flatscreen maker for tvs. The company has also cashed in on making largeformat displays. Those display
Headlines. Ibm will stop reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth 1. 6 billion after his company went public. It sells all sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. Google ranks as the Number One Company for pay and benefits in a new glassdoor survey. Tech companies dominated. Intuit at number six. The survey found that the average base salary is 128,000. That is slightly lower than apple. To our lead story. Hewlettpackard is facing a critical time in its history. Sales fell 1 in the second quarter. This was the 11th straight quarter that sales have declined. The company did post a higher profit. Stock is gaining today. There were new cost cuts. The total number of cuts is nearly 50,000. For meg whitman, cutting costs is one thing was stop boosting
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