Samsung to host a meeting with 350 investors tomorrow, second time in its corporate history

BY

Published 4 Nov 2013

NSFW AI Why trust Greenbot

We maintain a strict editorial policy dedicated to factual accuracy, relevance, and impartiality. Our content is written and edited by top industry professionals with first-hand experience. The content undergoes thorough review by experienced editors to guarantee and adherence to the highest standards of reporting and publishing.

Disclosure

hotel

Most companies, no matter how large or small, typically host event dubbed “analyst days”. Similar to press conferences, analyst focused events let people in the financial services industry get one on one time with executives to ask them just about anything. Unlike press events, analyst events often have a lot of off the record information, which should make Samsung’s event tomorrow in Korea quite fun.

According to The New York Times, nearly 350 analysts will be descending upon the Samsung owned Shilla hotel in Korea’s capital for an all day meeting. This is the second time such a meeting has taken place, with the first one having occurred way back in 2005. Why is Samsung so secretive? Your guess is as good as mine. They probably think they’re so big that they don’t have to convince investors that the company is worth investing in, but earlier this year, after watching their stock price fall by about 20 percent, it’s time to prove that Samsung knows what they’re doing.

Speaking about stock price, Samsung’s price is back to normal, thanks to things like spiking prices in memory and the sheer fact that a third of all smartphones purchased run TouchWiz. As terrifying as that statistic might sound, it’s true, so here’s hoping we finally see a refresh to Samsung’s now ancient software skin at some point in the first half of 2014.