Samsung Electronics Co. Ltd. (SEC) is a huge electronics conglomerate.
samsungelectronics.com
The company designs and manufactures, Microwave Ovens, DRAMs, SRAMs, ICs, TFT-LCDs, Color Monitors, Hard Disk Drives, and a variety of other products.
The Wireless division of SEC is becoming a major player in both mobile wireless infrastructure and handsets.
This SI board was created to foster a better understanding of Samsung and its role in Wireless.
Common and preferred stocks of SEC are listed on the Korea Stock Exchange under No. 05930 and No. 05935 respectively. Global Depository Receipt (GDR) is listed on London Stock Exchange. (Bloomberg ticker: common stocks-SAMN LI [Equity]; preferred stocks-SAMDR LI [Equity]). Reciprocal conversion between DR and stock has been allowed from 2000 and you can find out more about this on The Korea Securities Depository website.
Earlier SEC IR made this comment about a US listing:
US listing requires enormous amount of accounting work. Currently SEC is running almost hundreds of overseas subsidiaries. To meet the listing requirement, each subsidiaries' Financial Statement must be reconciled with US GAAP. To be able to do so in ongoing basis, we are working on to establish accounting systems these days. Other than the accounting issue, we have to look into the semiconductor cycle carefully to maximize the upside potential of US listing. (09, July, 2001)
- Eric - |
