Dell, Samsung Electronics Enter $16 Billion Alliance Agreement.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--March 21, 2001 Korean Supplier to Provide Memory, LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. , Monitors and Disk-Drive Components; Companies to Collaborate on R&D Efforts Dell (Nasdaq:DELL) and Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. Co. Ltd. today announced that they have entered into a strategic, multibillion dollar technology and research-and-development agreement. Terms of the $16 billion dollar global agreement call for Samsung to ensure supply of memory components, liquid-crystal displays (LCD), monitors and optical disk drives to Dell for use in the manufacture of its line of computer system products. The companies also have agreed to collaborate on research and development efforts focused on providing Dell customers with world-class products at competitive prices. In October 1999, Dell expanded its strategic relationship with Samsung to ensure a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. supply of LCD panels Also called a "projection panel," it is a data projector that accepts computer output and displays it on a see-through liquid crystal screen that is placed on top of an overhead projector. See data projector. used in notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. and flat-panel monitors. "Samsung has consistently provided us with leading-edge technology for the array of products we customize and offer directly to our customers," said James T. Vanderslice, co-president and co-chief operating officer, Dell. "As we broaden our strategic relationship to also include research and development activities, we believe we are positioning ourselves to further extend our ability to meet the evolving needs of those customers." "Dell is very attractive to us as a supplier because of the proven ability of its model to quickly introduce relevant new technology to the marketplace," said Yoon Woon Lee, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Samsung Electronics' Semiconductor Business. "First-to-market advantages are critical to our success and Dell knows how to accomplish this by working directly with its customers." About Dell Dell Computer Corporation (company) Dell Computer Corporation - One of the biggest US manufacturers of IBM PC compatibles. "From notebooks to networks", their slogan says. http://us.dell.com. (Nasdaq:DELL) is the world's leading direct computer systems company, based on revenues of $32 billion for the past four quarters, and is a premier provider of products and services required for customers to build their Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the infrastructures. The company ranks No. 56 on the Fortune 500, No. 154 on the Fortune Global 500 and No. 10 on the Fortune "most admired ad·mire v. ad·mired, ad·mir·ing, ad·mires v.tr. 1. To regard with pleasure, wonder, and approval. 2. To have a high opinion of; esteem or respect. 3. " lists of companies. Dell designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained on the World Wide Web at www.dell.com. About Samsung Electronics Samsung Electronics is one of the world's largest supplier of memory chips, TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display panels, monitors and other information technology products, based on revenues of US$30 billion for the year of 2000, and has leading capabilities in semiconductors and digital information technologies for the Internet infrastructures and digital media products. The company ranks No. 131 on the Fortune Global 500 and No. 15 on the World's Most Advanced companies. Information on Samsung Electronics can be obtained on the World Wide Web at www.samsungelectronics.com. Dell is a registered trademark of Dell Computer Corporation. Fortune and Fortune 500 are registered trademarks, and Fortune Global 500 is a trademark, of Time Inc. Dell disclaims any proprietary interest in the marks and names of others. |
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