Samsung Targets $110 Billion in Sales by 2010

Samsung Electronics Co. is targeting $110.4 billion in sales revenue by 2010 to become one of the world's top three electronics companies.

A Samsung Electronics head said this will be achieved through clinching market leadership in more than 20 products compared to the present eight. The company will also strategically nurture eight areas that include large storage memory chips, next generation displays and air control system.

The meeting was the first of its kind organized by Samsung, Asia's largest technology company by market value. The heads of the company's four main businesses attended the event to outline long-term plans for each division.

The chief executive also said the company hopes to achieve a position of leadership in four emerging businesses: personal media devices, home networks, U(ubiquitous)-health and home care robots.