Philips disconnects handset unit

Article Abstract:

Philips Electronics NV announced that it would restructure its handset unit, which has been unprofitable, and assume a charge worth 300 million euros. The company also said it would outsource the majority of its handset production to its China joint-venture.

Strategy & planning, Cellular Mobile Tel Equip, Wireless telephones, Cellular telephone equipment industry

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Philips to revamp its consumer unit

Article Abstract:

Philips Electronics N.V. will conduct a revamping of its consumer electronics unit. The revamp is intended to raise 400 million euros in cost savings a year by the 2005 year.

Organizational history, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Company restructuring/company reorganization, Reorganization and restructuring, Company organization, PHG, Subsidiaries, divisions and units

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Philips to curtail U.S. sales of digital set-top models

Article Abstract:

Philips Electronics NV announced that it will cut set-top box sales in the United States. The company admitted that it overreached in order to expand into different markets.

United States, Marketing procedures, CATV Addressable Converters, Marketing, Electronics industry, Set-top boxes (Television), Television equipment industry

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