Philips Warns on Chip Sales
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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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Strong demand and reduced stockpiles foretell a dramatic rise in chip giant Intel&#39;s sales outlook, the firm says. The company, whose chips power most of the world&#39;s PCs, said it expected sales of $9.3-9.5bn
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Royal Philips Electronics NV, Europe&#39;s third-largest maker of semiconductors, reduced its third- quarter chip sales forecast as demand wanes, joining companies including Texas Instruments Inc.
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First it was chips, now it's LCDs (liquid crystal displays). Authorities around the globe are investigating possible anticompetitive conduct in the LCD industry, according to activity at LG.Philips LCD Co.Â offices.
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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 electronics company warns on third-quarter earnings.
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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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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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The semiconductor unit of Philips Electronics is adopting a new name, NXP, as it pursues a strategy to supply chips to the fast-growing market for advanced electronics products.
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Advanced Micro Devices Inc.  , the No. 2 microprocessor maker, warned on Monday that  it will likely miss its quarterly revenue target as it loses  market share among computer resellers, a traditional bulwark of  its business.
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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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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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Shares in chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) fell 3 percent on Tuesday after Philips (PHG.AS: Quote, Profile, Research) gave a cautious outlook for its chips unit and analysts worried the German firm
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LONDON (CBS.MW) -- Philips Electronics on Friday lowered its forecast for semiconductor sales, just two days after the head of the unit said he was stepping down.
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com September 22, 2004, 11:20 AM PT. Royal Philips Electronics announced on Wednesday that the chief of its semiconductor division will step down effective early next year.
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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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Annual global semiconductor sales growth will probably fall by half in 2005 and memory chip sales could collapse as a supply glut saps prices, world-leading memory chip maker Samsung Electronics said on Monday.