Manikandan to move on from LG?

New Delhi

April 28, 2008

There are rumors floating in the IT channel community that R Manikandan, GM-Sales
and Marketing (IT products), LG Electronics India Ltd is moving out of the
company. Some are attributing this movement to Manikandan getting a new job,
while others are saying it's the due to the declining sales figures of LG in
the market. In fact, the buzz is that the notebook portfolio has already been
taken from Manikandan and he now only looks after the sales and marketing of LG
monitors and optical drives.

The DQ Week spoke to some channel partners of LG to find out if they had any
clue about this development. While most of them had not heard about it they
opined that it could be true as LG's business is slow in the market at the
moment.

A Delhi-based LG channel partner said that while he was not aware of any such
development, if it were true, he would not be surprised. A regional disti for LG
based in Nehru Place also declined any knowledge of such information.

V Ramachandran, Director-Sales and Marketing, LG Electronics India is said
to now be in charge of the company's laptop business. When contacted
Ramachandran said, "It is not correct that Manikandan is serving notice
period in LG. He is very much part of LG."

Speaking about the news, Manikandan stated, “It is not true that I am
quitting LG. It is just a market rumor. I have no clue from where this
information has originated.”

However, some senior executives in IT industry have confirmed the
authenticity of the information. The buzz is that Manikandan is likey to join
Videocon's new joint venture.