Panasonic Corporation : International Electronics Corporation

In the seven years (since 1994), that Lou Gerstner reigned over IBM, the company’s earnings per

Black & Decker is the worlds leading manufacturer and marketer of many consumer and industrial products. Black & Decker is committed in offering always the most innovative, high quality and technologically advanced products and is recognised worldwide for its reputation and excellence.

Universal Electronics, Inc. was founded in 1986 and is currently headquartered in Cypress, Ca with 1,843 employees. UEI sells pre-programmed universal wireless control products, including remote controls, wireless keyboards, and gaming controls in the USA, Europe, Australia, New Zealand, South Africa, the` Middle East, Mexico, Asia, and Latin America. With the development of software and firmware, the company's devices can virtually control all infrared capable televisions, DVD players, VCRs, cable converters, CD players, audio components, and satellite receivers. Its primary customers include original equipment manufacturers (OEM), cable and satellite service providers, custom installers, and personal computing

To compute the multiple valuation method we needed to define the peer group first. Apple, IBM and HP are not suitable because of their bigger dimension (market capitalization, Debt, Equity and Share price). Also, to be comparable, firms need to be similar in terms of risk, profitability, and growth. Once the comparable companies were identified, the multiples were computed and a comparison was established between the peer group’s market capitalization and share price and those of the target company (Sun). In this context, where a company wants to acquire another, corporate executive are interested in assessing a target’s total value, reflecting both debt (we assumed net debt in this case) and equity. In this case, the enterprise value is a better basis for the valuation. That way we used the EV/EBITDA ratio, which resulted in a meaningless value as Sun’s EBITDA is negative. EV/Sales ratio should then be used. In fact, the EV/Sales ratio raised the firm’s valuation to $16375,51 Million against its $6198,17 Million market capitalization. We can also use the Price Earnings (P/E) ratio, which provides an indication of how much investors are willing to pay for a company’s earnings. To

Star River Electronics Ltd. is a large manufacturer and supplier of CD-ROMS. It was founded as a joint venture between New Era Partners and Starlight Electronics Ltd. It has enjoyed a great deal of success in the past decade, due in large part to their excellent reputation.

Panasonic is a famous Japanese company and a long established brand name which has been in existence for approximately 100 years . The company was founded by Konosuke Matsushita and his two other friends in 1918 in Osaka, Japan. It started from a domestic homewares company under National Brand first used by then Konosuke electric firm. Panasonic is a product manufacturer company that produces consumer electrical appliances . It has grown to become one of the largest electronics producers in addition to a number of other big companies including Sony, Hitachi, LG, Toshiba. Currently, the company is expanding into another industry, namely automotive industry. With its tagline ‘ideas for life’, Panasonic has cemented itself as the most sought-after

General Motors Corporation (GM) is another leader in the automobile industry. It is located in Detroit and operates in almost 157 countries. It has close to 207,000 employees. Its products are Chevrolet, GMC, Buick and Cadillac. GM revenue was almost $155.4 billion globally during 2013 (Ruiz, 2014).

General Motors Corporation, hereafter referred to as GM, has an impressive history spanning over 100 years. According to GM 's website, GM is the "global industry sales leader since 1931," and their sales are representative of such a business. GM has a responsibility to its stakeholders to remain competitive and profitable. With the decline in the economy dating back to approximately year 2000 and the impact of rising fuel prices, GM found itself in a struggle to remain profitable. Losses in profit coupled with high inventory levels, GM recognized the need for an unprecedented sales promotion to empty its dealerships of the rapidly aging current year models. In June 2005, GM announced its "Employee

Global Electronics, Inc. (GEI), headquartered in Sarasota, Florida, designs, manufactures, and markets discrete power semiconductors and analog, digital, mixed-signal, and radiation-hardened integrated circuits for signal processing and power-control applications. The company employs about 2,300 people at its three U.S. fabrication facilities (located in Huntsville, Alabama; Evansville, Indiana; and Reading, Pennsylvania), and has 4,000 employees at its assembly and test facility in Kuala Lumpur, Malaysia. In 1999, GEI 's profitability came down with operating losses reaching $100 million on sales of approximately $650 million, causing management concern about the accuracy of the company 's standard cost system.

Bose Corporation is a Massachusetts based global supplier of consumer electronics. Founded in 1964 by MIT-professor Dr. Amar Bose, the company’s strategy has been to combine technology with creative people to develop products that offer high performance and are simple to use, yet sophisticated (Moody, 1991). Bose prides itself on its creativity and innovation in producing quality audio components, like stereos, noise canceling headsets and premier automobile stereo systems. Bose is also known for pioneering the concept of Just In Time II (JIT II), a customer-supplier partnership concept that is now practiced by other major companies and their suppliers. This case study analyzes some of the major components of Bose’s supply management strategy and processes, including the implementation of JIT II.

Hon Hai/ Foxconn Technology group is a Taiwanese Multinational Corporation. It is known to be the world’s largest electronics contractor and manufacturer. Terry Gou founded Han Hoi precision company which acts like anchor company to Han Hoi/ Foxconn in 1974. His main aim to find this company was to provide low cost, affordable electronic products.

General Electric company (GE) is one of the world 's most admired, valuable, and largest companies in the world. GE is also one of the top five oldest industries in the United States, at a 130 years. This great American company has been stayed in business because of the many great leaders who have led the success for GE. Leader 's such as, Jack Welch and Jeff Immelt, have brought many changes at GE bringing the company into the 20th century. Jack Welch and Jeff Immelt have been very successful at changing GE and making it a more highly profitable company, due to their leadership styles and corporate culture.

General Electric (GE abbreviated) was started with Thomas Edison’s invention of the light bulb. Both Thomas Edison and JP Morgan started the Edison Lamp Company, which later became known as General Electric. The people at GE are committed to making a world that works better.

Understanding a target market’s needs and desires can assist companies with tailoring their offerings in the name of profit. Texas Instruments (TI) had been business since 1930. During this time they have reinvented their offerings to remain a viable business entity throughout the decades. Their ability to stay ahead of the change curve has translated into a current market cap value of approximately $47 billion ("Yahoo finance," 2014). Whether it is calculators, semiconductors, software or education materials TI has been able to continually transformed itself using a strategy predicated on “risk taking and innovation” ("Texas instruments," 2014).

Company Background: Samsung is a South Korean multinational company those starting its business as a small trading company and right now becoming world largest corporation. The company deals with its business in several sectors such as advance technology, finance, petrochemical, semiconductors, plant construction, skyscraper, medicine, fashion, hotels, chemical and others. The company was established in 1969 in Suwon, South Korea and known globally for its electronic products (Kelly, 2011). The company is manufacturing several latest technologies, electronic appliances such as mobile phones, tablets, laptops, TVs, refrigerators, air conditioners, washers and other products. The company runs its operations and sales its products in 61 countries with approx 160,000 employees in all over the world (SAMSUNG, 2014). Moreover, the company acquired the position of the world biggest IT maker in 2009 by beating the Hewlett-Packard (HP) previous leader. Its sales revenue in the segment of LCD and LED is the highest in the world. Furthermore, Samsung also becomes world leader in the segment of tablets, mobile phones and gadgets.