Philips drops a business
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AMSTERDAM Philips Electronics will stop making low-end computer monitors and flat-screen televisions for itself and other brands, the Dutch company said Thursday, turning the business over to the Hong Kong manufacturer TPV Technology.
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(InfoWorld) - Koninklijke Philips Electronics has completed the sale of an 80.1 percent stake in its chip division to a group of private investment houses, the company said Saturday. The stake in NXP Semiconductors, theÂ new nameÂ of the chip unit,Â was sold to a groupÂ including Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners, and AlpInvest Partners. Philips expects to take in â¬6.4 billion ($8.12 billion) in cash from the sale, after taxes. The European electronics giant will keep a 19.9 percent share of the business. Philips said the deal places the value of NXP at â¬8.3 billion. There have been a number of chip industry deals this year, including aÂ $17.6 billion offer for Freescale SemiconductorÂ last month. In July,Â Intel soldÂ its communications and application processor business to Marvell Technology Group for $600 million, while earlier this year,Â PMC-Sierra acquiredÂ the storage semiconductor business formerly owned by Agilent Technologies for $425 million.
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Royal Philips Electronics said on Wednesday that it would take a $752 million charge in the fourth quarter to reduce the value of its stake in MedQuist
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The business in which Kodak made its name, film processing and conventional photography, is in decline.
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After an absence of a decade, Philips Electronics is making personal computers again, the company said on Thursday. The Netherlands-based electronics conglomerate, which abandoned the
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Dutch Philips Electronics has shelved  plans to make mobile personal navigation systems, the chief  executive of Philips' consumer electronics unit said on  Tuesday.
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A spokesman for Netherlands&#39;electronics company Philips denies an earlier report that Philips will withdraw from the domestic appliances market and transform itself into a manufacturer
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Steers clear of crowded market Philips has gone into reverse on plans to enter the market for personal navigation devices because of fears the sector is getting too crowded.â¦
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The company's sales fall, pulling down its stock price.
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Signaling a possible wider slowdown in the semiconductor industry, Royal Philips Electronics on Friday became the latest company to say that sales had begun to stall.
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By Bangkok Post, Thailand  Sep. 7--Philips Electronics (Thailand) Ltd will transfer all 3,400 of its  semiconductor sales and marketing staff to a newly established company,  Philips Semiconductors SMO, the sales and marketing arm of NXP Semiconductors,  on Oct 1.
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Business & money: The owner of retail chains including Currys and PC World is to stop selling analogue television sets
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Philips Electronics NV, the Dutch electronics maker, said Wednesday it will take a &#36;752 million charge in the fourth quarter to reduce the estimated value of its stake in U.S. medical transcription company MedQuist Inc.
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Europe's top consumer electronics  group Philips cut the forecast for its closely watched chip  unit on Friday and predicted a significant slowdown for the  semiconductor industry next year.
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Flat screen maker LG Philips sees its shares fall to a record low after three countries run price fixing probes.
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The death of the VHS video recorder came a step closer yesterday when the UK&#39;s largest electronics chain said it would stop selling them.
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Signaling a possible wider slowdown in the semiconductor industry, Royal Philips Electronics on Friday became the latest company to say that its chip sales had begun to stall, at least temporarily.