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Samsung Electronics Tops InfoTech 100 List

Posted June. 15, 2002 00:59,   


Samsung Electronics tops InfoTech 100 list

Business Week, a U.S. economic weekly, unveiled on June 14 the list of the “InfoTech 100” on the Internet, which will be published on its June 24 issue.

The magazine selected Samsung Electronics as the world’s best IT company based on information provided by Standard & Poor’s on revenue, profit margin, growth rate and shareholder value.

In particular, Samsung Electronics received good marks for maintaining high earnings despite the worst recession in its core business area of semiconductors.

Other companies on the list are KTF ranked fourth, SK Telecom as the ninth and LG Telecom on the 43rd. Business Week said, “Asian powers are rising impressively” and noted the growth of Korean and Taiwanese IT companies.

Following Samsung Electronics, Quanta Computer, a Taiwanese laptop PC maker, was ranked the second, while Hon Hai Precision Industry, a PC components manufacturer was ranked the third. Hong Kong’s China Mobile was ranked 6th, while Elite Group Computer Systems came in at 8th.

On the other hand, Dell, which was a giant in the IT industry in 1990s held the No. 5 spot; IBM was No. 21; Microsoft, No. 27, and Intel was far behind with No. 56.

Japanese companies were ranked lower still. Canon was 24th, Nintendo was 47th, while Sony, Matsushita, NEC and Toshiba were unable to make their way into the top 100.

Im-Sook Ha artemes@donga.com