Philips completes sale of chip unit stake
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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.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Dutch Philips Electronics  said on Friday it is to buy U.S. medical products company Respironics for 3.6 billion euros ($5.17 billion) or $66 per share to strengthen its healthcare business.
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&quot;All administrative work has been completed to sell Hynix&#39;s non-memory chip unit to Citigroup Venture Equity Partners LP,&quot; Hynix&#39;s primary creditor bank said.
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Philips Electronics said it will  write off $753 million for its healthcare unit MedQuist,  leaving analysts wondering if Philips will need to restate its  earnings.
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Philips Electronics NV is to buy U.S. medical products company Respironics Inc for 3.6 billion euros ($5.2 billion), its biggest ever acquisition, as it expands in the fast-growing healthcare sector.
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American Electric Power Co. concluded the sale Tuesday of its 50 percent interest in South Coast Power Limited, completing AEP's divestiture of assets in the United Kingdom.
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WASHINGTON, Oct 26  - Cingular Wireless Corp. announced Tuesday it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
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Shares in LG.Philips LCD Co Ltd  (034220.KS) surged on Friday on market talk Japan's Matsushita  Electric Industrial was buying a stake in the South Korean flat  screen maker, but both firms poured cold water on the talk.
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Europe&#39;s top consumer electronics group Philips cut the sales forecast Friday for its closely-watched chip unit and predicted much slower growth for the semiconductor industry next year.
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The joint venture ends shortly after a rival buys the PC maker's LCD unit.
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Dutch Philips Electronics on Tuesday sounded a cautious note on its chip unit as it reported a third-quarter operating profit of 1.02 billion euros, which just exceeded expectations when excluding a 635 million euros non-tax gain.
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Dutch Philips Electronics  said on Wednesday it plans to repurchase 5 billion euros ($7.2 billion) worth of its own shares within the next two years, starting on January 2.
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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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Philips plans to buy U.S. home  medical equipment maker Respironics Inc for $5.1 billion, its  largest deal to date in an aggressive expansion in the  fast-growing healthcare sector.
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AMSTERDAM: Royal Philips Electronics NV has sold its entire 3% stake in Vivendi Universal for around 720 million euros. The transaction closed on Wednesday and is expected to result in a non-taxable gain of 300 million euros in the fourth quarter.
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German chip maker Infineon Technologies has agreed to buy Texas Instruments' DSL Customer Premises Equipment (CPE)Â business in a deal expected to close by the end of the summer, the companies said.
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National Semiconductor Corp. said Monday it agreed to sell its imaging business, which makes chips used in small cameras and cell phones, to camera giant Eastman Kodak Co.