There are few greater indignities for a tech company than to be sought out by investors chasing dividend yield. The industry was founded on growth: yield is for old-economy investors who can’t stomach the risk of investing in the next big growth markets.
So spare a thought for the PC world, which in remarkably short order has become the tech world’s high-yield haven. After years of talk about a post-PC future, the alarms are now sounding loudly: rather than growth, accelerating decline is assumed in Wall Street’s forecasts. Read more
Samsung has been at the International Consumer Electronics Show in force this week, but despite its massive booth, 64th-floor parties and flashy press conference, perhaps its most interesting event happened on the sidelines.
Two dozen reporters crammed in to a small meeting room on Tuesday afternoon to quiz a panel of Samsung’s top designers from Seoul.
Their appearance at CES follows Samsung’s $1bn defeat in patent litigation against Apple last summer, where a jury found nearly all of the accused Samsung smartphones to have infringed Apple’s iPhone designs.
This was never addressed directly; instead, the event was focused on Samsung’s new “design identity 3.0”, which aims to “make it meaningful” – and on driving home the Korean giant’s designer credentials. Read more