Hi all,

FYI. See link.

Take care,

Jay

August 25, 2011
Analysis: LG on Mute as Mobile Phone Losses Mount

By REUTERS

http://www.nytimes.com/reuters/2011/...gewanted=print

SEOUL/SINGAPORE (Reuters) - South Korea's LG Electronics hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, cutthroat competition is pressuring it to overhaul the business and its shares have plummeted.

The money-losing phone unit has also been a major value destroyer for LG shareholders. LG's market value is only $7.5 billion, roughly one-third that of global rivals HTC Corp and Nokia, even though it also has sizeable TV and home appliances divisions.