Philips gets whacked in LCD TV sales
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Blog: LCD TV sales dropped a bit in the first quarter from the last three months, and Philips bore the brunt.
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LONDON, November 25  - Dutch electronics and semiconductor giant, Philips (PHI1.ETR), has sold its entire stake in the French media company, Vivendi Universal.
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The company wisely hedged its bets on the growth in LCD television sales.
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AMSTERDAMâRoyal Philips Electronics NV, Europe&#39;s top consumer electronics group, cut the sales forecast for its closely watched chip unit yesterday and predicted much smaller growth for the semiconductor industry next year.
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Shares in LG.Philips LCD Co Ltd  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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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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LG.Philips Displays' new picture tube line allows for thinner televisions.
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High-level executives from Japan's Sharp   Corp. 6753.T traveled to South Korea last week to visit   LG.Philips LCD Co. Ltd. 034220.KS, as Philips PHG.AS seeks   a buyer for its 32.9 percent stake in the Korean LCD firm,   Taiwan media reported on Friday.
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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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Electronics companies are at war over next-generation DVDs
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Philips, Europe's top consumer  electronics group, 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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Profit soared at technology conglomerate Philips Electronics NV in the third quarter but sales of consumer electronics were weak and the outlook for computer chips is gloomy, the company said.
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Flat-screen maker LG.Philips LCD. Co. Ltd.   is expected to report a loss for the second quarter in a row, as it struggles with weak prices and high costs for its mainstay TV panels.
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LCD TV leader plans to do its competitors one better.
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The LCD industry looks as if it's likely to blow a fuse.
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Philips is preparing a digital video recording system called Personal TV Channel, which could be seen as a competitor to TiVo. The cost of the service will be offset by its advertising features, which allow commercials in programs to be replaced by ones more relevant to what a consumer may be interested in.
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Europe&#39;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.