Chip slowdown, other woes still press Philips Electronics, despite cost-cutting
Article Abstract:
Philips Electronics is expected to post a significant decline in earnings for 1st qtr 1996, a result of internal employment difficulties, a long restructuring process and a general slowdown in the semiconductor industry. Analysts estimate that Philips will post profits of approximately 350 million Dutch guilders for 1st qtr 1996, down from the 750 million guilders recorded during the same period in 1995. Philips has been diligently restructuring its worldwide operations since 1991, during which time the company has reduced its workforce by thousands of employees. The unpredictable nature of the US corporate PC market, combined with a slowing consumer market in Germany, has placed Philips' semiconductor division in a precarious financial position. Philips intends to continue selling assets to finance its growth in the European cable-TV industry.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Foreign electronics/entertainment
Article Abstract:
The weakness of the yen against the dollar which allowed Japanese consumer electronics companies to achieve record profits in the first half of 1998 has been reversed and this may lead to earnings declines. Prices for semiconductor chips seem to have leveled out and may soon climb upward, and the market for digital video disk technology is growing, as well. These stocks are not timely in 1999, but several may show modest improvements in the second half of the year.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
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Foreign electronics/entertainment
Article Abstract:
Several of the Japanese companies in the foreign electronics industry are expected to have earnings pressures due to the market collapse in Southeast Asia, but currency relationships should also help matters. In addition, the foreign chipmakers have been hurt by low prices since 1996, but the change to digital video disk technology will help other industry segments. These stocks are not timely in 1998 and investors should research them carefully.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
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