Philips Warns on Sales, Sees 05 Slowdown
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Europe's top consumer electronics  group Philips PHG.AS cut the sales forecast for its  closely-watched chip unit on Friday and predicted much smaller  growth for the semiconductor industry next year.
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MAKUHARI, Japan  - Global sales of equipment used  to make and test semiconductors are expected to fall 5.15  percent from a year earlier to $33.49 billion in 2005, an  industry group said on Wednesday.
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LG.Philips LCD said Monday its third-quarter net income dropped on year and fell short of forecasts, as high supplies led to lower prices of its liquid crystal display panels.
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Holiday sales are expected to rise at their slowest pace in five years as the weak housing market and a credit crunch temper consumer spending, the National Retail Federation said on Thursday.
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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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Drugstore chain Rite Aid Corp.  on Tuesday warned that full-year profit and revenue would fall short of Wall Street expectations because of slowing pharmacy sales as companies try to curb health-care costs.
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Holiday sales are expected to rise,  though at a slower rate than last year as consumers fret about  the declining housing market, according to a National Retail  Federation economic forecast on Tuesday.
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Dutch manufacturer Philips  Electronics published fourth-quarter earnings above analysts'  estimates, but warned that the world economy made it cautious,  especially for the first half of 2005.
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Dutch electronics giant Philips reported Monday that its 2007 net profit fell 22.6 percent to 4.168 billion euros (6.04 billion dollars) despite a doubling in net earnings in the fourth quarter.
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Technology stocks led a fall in Asian  shares Tuesday as a gloomy outlook from LG.Philips LCD and  soaring oil prices fueled investor concerns about a slowdown in  corporate profits and global economic growth.
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Philips Electronics beat expectations  with strong cash flow and fourth quarter earnings in most units  and unveiled a share buyback, but warned on Thursday that the  world economy made it cautious.
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Philips did not on Monday rule out a sale of its TV business, which is suffering from low margins, but said it would for now focus on being more selective in what products it offers where.
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Retail sales are expected to rise at the slowest pace in six years as shoppers worry about a slumping housing market and slower job growth, according to the world's largest retail trade organization.
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AMSTERDAM Philips Electronics, Europe&#39;s third-largest maker of semiconductors, on Friday reduced its third-quarter chip sales forecast, saying demand is waning.
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Dutch Philips Electronics   missed analysts forecasts on Monday with second-quarter net  profit depressed by price pressure in LCD displays, but sales  and operating profit rose faster than expected and it announced  a 1.5 billion euro (&#36;1.90 billion) share buyback.
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The Sony Corporation warned that sales and profit would probably fall short of its forecasts because of declining prices for DVD recorders and video cameras.
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Growth in U.S. consumer electronics  sales is likely to slow in 2008 but still come in at 6.1  percent, fueled by strong demand for products like televisions  and personal audio devices, an industry trade group said on  Monday.