Samsung had little interest in Daewoo Electronics, which specializes in making low-end goods, which it markets mostly in developing economies.

CNN: THE BIG DEAL THAT FAILED

We still don't feel like consumers are rushing out to buy those portable but quirky UMPCs (well, an unnamed Engadget editor actually did rush out to buy one -- and returned it shortly thereafter), but it seems like the form factor is here to stay anyway, and now Korean manufacturer Daewoo Lucoms -- a spin-off of Daewoo Electronics -- has released its own version called the Solo M1.

ENGADGET: Daewoo Lucoms releases Solo M1 UMPC

So far it is an agreement only in principle, and key details, such as whether Samsung's car-parts business and Daewoo's overseas electronics factories are included remain open.

ECONOMIST: South Korean restructuring

Under a government plan to restructure South Korea's giant conglomerates, Daewoo has agreed to take over Samsung's car business, and in return is handing over its consumer electronics operations to Samsung.

ECONOMIST: South Korea