Philips cautious despite profits
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Philips, Europe&#39;s largest maker of consumer electronics, has reported a higher-than-expected third-quarter operating profit. But the company is cautious about the future, warning that high oil prices and unrest in Iraq were hitting demand.
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Europe&#39;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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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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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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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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Dutch electronics manufacturer  Philips Electronics published fourth quarter earnings above  analysts' estimates and unveiled a share buyback, but warned on  Thursday that the world economy made it cautious.
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Banking giant UBS (UBSN.VX: Quote, Profile, Research) was cautious over prospects for the rest of the year after a lull in trading hurt its third-quarter profit, despite
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The electronics company warns on third-quarter earnings.
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Philips' chip chief to return to U.S. in move that makes some analysts jumpy.
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Clouds continued to gather over the chip sector last week after Philips confirmed a bleaker outlook for sales, and analog and DSP chip vendor Cirrus Logic Inc sharply downgraded its forecast for the current quarter because customers want to reduce
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Investor's Business Daily - Philips Semiconductors has a plan to cash in on the craze for cool new features in cell phones.
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Flat screen maker LG.Philips LCD Co Ltd  (034220.KS) reported its highest ever quarterly profit on  Monday, rebounding from a year-ago loss, and predicted 2008  profitability would improve from 2007.
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It's on track to meet sales targets, but profits might not keep pace.
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Japan's Sony Corp. does not expect a  sharp recovery in the profitability of its home electronics  business during the crucial October to December quarter, citing  high costs to develop flat-panel televisions and a shrinking  market for home audio goods.
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The supermarket chain looks likely to ring up profits for investors, but they should wait for a sale.
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With a few strong years of market gains and product reviews, AMD isn't about to rest on its laurels.
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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.