Andre Yoskowitz
17 Aug 2011 15:51
Following Google's surprise $12.5 billion acquisition of Motorola Mobility, Samsung chairman Lee Kun-Hee had an emergency meeting with the company's execs.
The chairman says the company must continue to develop its software "competitiveness" even if that requires an acquisition.
Says Lee:
(The company) must strengthen the competitiveness of its information technology (IT), secure more human resources and also more actively seek mergers and acquisitions (M&A).
We must pay attention to the fact that IT power is moving away from hardware companies such as Samsung to software companies.