How Will Samsung (SSNLF) Stock Be Affected By New Smart Watch/Phone?

NEW YORK (TheStreet) -- Samsung (SSNLF) is said to be working on a new smart watch that will operate as a standalone phone, and is planning on unveiling the device in the next few months, the Wall Street Journal reports.

Unlike the smart watches currently on the market, this new watch/phone from Samsung will be able to make and receive phone calls without having to be connected to a smartphone.

The South Korean company is currently the top seller of smartphones and is in talks with U.S., European, and South Korean telecom carries regarding the new gadget, the Journal said.

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Those familiar with the project told the WSJ the smart watch will run on "Tizen," Samsung's "homegrown" operating system, which was co-developed with Intel Corp. (INTC).

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