Philips misses net forecast, but sales boom
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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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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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EINDHOVEN, Netherlands  - Philips Electronics said  on Tuesday it expected a flat global chip market next year, in  line with market research forecasts but more cautious than many  of its rivals.
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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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LG.Philips LCD Co., the world&#39;s second-largest maker of liquid-crystal displays, posted its first profit decline in five quarters after a glut of screens drove prices lower, a survey of analysts showed.
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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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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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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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AMSTERDAM Philips Electronics, Europe&#39;s third-largest maker of semiconductors, on Friday reduced its third-quarter chip sales forecast, saying demand is waning.
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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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European shares fell Tuesday after weak  German ZEW investor confidence data raised fears economic  growth will dwindle and slow consumer buying weighed on the  third-quarter results of Philips.
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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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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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Investor's Business Daily - Philips Electronics  , Samsung and Sony   are among the big companies at this week's Consumer Electronics Show showing off products like HDTVs and mobile phones that emphasize style and elegance as differentiators.
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Sales figures just don't measure up to the company's valuation.
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Dutch electronics giant Royal Philips Electronics NV said it had lowered its outlook for semiconductor sales in the third quarter, as had been widely expected by analysts.
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By Charoen Kittikanya, Bangkok Post, Thailand  Dec. 19--Philips Electronics (Thailand) expects its business to remain in  good shape next year on the back of robust double-digit growth in 2006.