Financial Daily from THE HINDU group of publications
Friday, Nov 26, 2004

Cross Currency

Group Sites

Info-Tech - Hardware

LG forays into server market

Our Bureau

Mr R. Manikandan, Deputy General Manager, Sales and Marketing (IT Products), LG Electronics India, at the launch of LG Pro Server in the Capital on Thursday. - - Ramesh Sharma

New Delhi , Nov. 25

THE Korean major, LG Electronics India Ltd, on Thursday announced its foray into the server segment by launching its product for the `small and medium business' (SMB) segment. It expects to fuel growth with this launch and post over 68 per cent rise in turnover in the IT segment at Rs 760 crore in 2004.

The LG Pro Server is priced in the range of Rs 54,000- Rs 1.4 lakh. "The server launch is in line with LG's commitment to offer very high quality, feature-rich and well-performing products to the market segment at very competitive prices ," said Mr R. Manikandan, Deputy General Manager, Product Group Head - IT Products, LGEIL.

LGEIL is already offering a whole range of PCs catering to the varied market segments.

The company has an assembly line plant in Greater Noida in Uttar Pradesh near Delhi. The facility has a capacity of five lakh units. LG's current market share in the monitors and OSD segment is 34 per cent and 44 per cent, respectively. The turnover in the IT segment for the year 2003 was Rs 450 crore.

LG will eventually introduce the high-end servers

More Stories on : Hardware

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`More domain-specific work being outsourced'

Now, IT's entire process outsourcing
BSNL offers IT facilities to cos in Mangalore
Printer sales up 3 pc in Q3; HP retains lead
HCL Info offers PCs with power support system
LG forays into server market
Ramco Systems to issue shares on preferential basis
Nasscom team visiting Pakistan in December — MoU to be signed with P@SHA
New Horizons plans 100 centres
TN to top in IT exports soon
MedScribe to set up centre in Chennai

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line