LG Electronics new CEO vows to ramp up investment

The new chief executive of South Korea's LG Electronics took the reins on Friday vowing to boost investment to make the company more competitive and become a market leader.
      
       Koo Bon-Joon, 59, replaced Nam Yong who quit three weeks ago to take responsibility for the company's loss-making handset business.
      
       LG's mobile business posted a record loss in the second quarter due to its slow response to the booming smartphone market. Prices of its traditional phones fell sharply as customers turned to smartphones instead.
      

3D TVs and tablets beckon at Berlin's IFA trade fair

Germans are not known to be a nation of spendthrifts but when it comes to consumer electronics they throw caution to the wind -- much to the delight of exhibitors at Berlin's IFA trade fair starting this week.

"Germans are currently in a downright buying frenzy," said Jeffry van Ede, board member of German tech industry body Bitkom.

Exhibitors at Europe's largest consumer electronics trade fair IFA are hoping that behavior will spill over into the rest of Europe as they negotiate contracts with retailers for the coming months and the year-end holiday shopping season.

LG Display says in talks with Compal for JV

South Korea's LG Display said on Tuesday it was in talks with Taiwanese laptop contract maker Compal Electronics to set up a joint venture.

"We've decided to seek a joint venture with Compal but the final decision has yet to be made and we are still in talks," an LG Display spokeswoman said.

New Dual-Core Intel Atom Processor-Based Netbooks Hit Shelves Today

Intel has shipped more than 70 million Intel Atom netbook chips since its 2008 launch.

Intel Corporation announced today that a dozen of new netbooks based on its new mobile dual-core Intel® Atom™ processors are available in stores today. The netbooks - available now and through the end of the year from manufacturers including Acer, ASUS, Fujitsu, Lenovo, LG, Samsung, MSI, and Toshiba - enable new levels of support for applications like games, as well as Adobe Flash* technology for access to a number of Web pages including online hotel booking systems and multimedia sites such as YouTube* and Hulu*.

"Acer strives to continually improve on our customers' total mobile experience, whether it is increased responsiveness or extended Internet interactivity through longer battery life," said David Lee, associate vice president of Acer's Mobile Computing Business Unit. "We are pleased to select dual-core Intel Atom processors for Acer netbooks, helping to empower netbook users achieve even more - both at work and at leisure."