This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Samsung to Announce New 'Phablet,' Says Not Interested in BlackBerry

NEW YORK ( TheStreet) -- A Samsung official confirmed the company will announce a new version of its popular Galaxy Note tablet-phone as well as a new "wearable" device at an event in Europe next week. She also ruled out the possibility of a Samsung takeover of struggling rival BlackBerry (BBRY - Get Report).

According to an interview in the the Korea Times, Samsung Mobile Executive Vice President Lee Young-hee said her company will release the Galaxy Note III and a new "smartwatch" product named Galaxy Gear in Berlin next week. The announcement will come two days before the official start of the IFA electronics industry show.

Both devices are expected to run on the latest version of Google's (GOOG - Get Report) Android operating system.

While offering few exact details about either product she proclaimed the Galaxy Gear will be a "wearable concept device" designed to "enrich the current smart mobile experience in many ways." She said the Gear would not have a flexible display but hinted that more advanced future devices were currently in the works.

Smartwatches are expected to be the next big trend in portable computing. Sony (SNE - Get Report) has its second-generation Smartwatch 2 and Apple (AAPL - Get Report) is said to be working on an 'iWatch" device which could be announced alongside the next series of iPhones as early as Sept. 10.

In recent days, photos of what is believed to be the upcoming Galaxy Note III smartphone/tablet have made their way onto a number of blogs. It's difficult to tell much from the photos. The next Samsung "phablet" is rumored to be thinner and could have a touchscreen approaching 6-inches. There is also word it will be the first such device capable of displaying super-high resolution "4K" video.

When questioned about the possibility of a takeover, the Samsung official denied her company has any interest in buying BlackBerry. She told the newspaper "Samsung Electronics is not considering that opportunity" and refused to elaborate further.

BlackBerry shares were down 2.1% at $10.20 in trading Tuesday.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to:
Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $109.07 -1.50%
BBRY $7.25 1.30%
GOOG $633.96 -1.30%
SNE $26.37 -1.50%
FB $91.96 -0.48%


Chart of I:DJI
DOW 16,965.17 +52.88 0.31%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,770.8550 -20.2970 -0.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs