Philips boasts solid Q3
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But LCDs, consumer electronics are tough
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The company got solid performance from all three sectors to make for a quality quarter.
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European stocks were steady on Thursday amid results from key firms such as Philips which beat earnings estimates but gave a cautious outlook, while Siemens also reported higher-than-expected profits.
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currently CEO of Philips&#39; consumer electronics business groups -- will succeed the unit&#39;s CEO Scott McGregor. The company is scheduled to hold a Semiconductors and Technology analysts day in Holland on Friday.
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The electronics retailer's third-quarter is impressive, but not enough for some.
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Philips Electronics, a rally on Wall  Street, and tamer oil prices lifted European shares on Monday,  but trading volumes and corporate news are remain thinned by  the holidays.
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Lehman Brothers reported strong third-quarter results amid weak markets, lackluster deal flow and higher global interest rates.
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Profit soared at technology conglomerate Philips Electronics NV in the third quarter thanks in part to gains on selling shares in other companies, but sales of consumer electronics were weak and the company said computer chip sales would be flat in the fourth quarter.
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The company reports improving fundamentals and posts a 79% increase in Q3 earnings.
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IBM dispelled some of the gloom surrounding the tech industry&#39;s third quarter performance yesterday, when it reported strong results for the period and raised expectations for the full year performance on the back of the just finished period.
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Philips Electronics   said on Monday it had completed the sale of 800 million shares  in Taiwan Semiconductor Manufacturing Company (2330.TW) valued  at about $1.5 billion.
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Philips Electronics, Europe's biggest consumer electronics maker, posted a 22-percent rise in second-quarter operating profit on Monday thanks to an improved performance at its domestic appliances unit and lower overheads.
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Often pigeonholed as just a seller of televisions and DVD players, Royal Philips Electronics said Tuesday that its third-quarter profit surged despite
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Third-quarter profits at Koninklijke Philips Electronics NV surged on one-time gains from stakes sold in two companies floated on the capital market, Europe&#39;s largest consumer electronics maker said Tuesday in a statement.
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The LG.Philips LCD Company, the world&#39;s second-largest maker of liquid-crystal display television sets, plans to spend a record 5.3 trillion
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Often pigeonholed as just a seller of televisions and DVD players, Royal Philips Electronics said third-quarter profit surged despite a slide into the red by its consumer electronics division.
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Europe's top consumer electronics  group Philips cut the forecast for its closely-watched  semiconductor unit on Friday, saying it expects third quarter  sales to be flat from the second rather than rising.