Philips president nominates components head as successor

Article Abstract:

The article discusses Philips Electronics NV's nomination of Gerard Kleisterlee, currently head of Philip's components division, as its next president.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Kleisterlee, Gerard

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Philips forecasts a big operational loss due to suffering semiconductor demand

Article Abstract:

Philips Electronics N.V. warned that its semiconductor unit's sales would be between 20% and 25% lower in the second quarter than they were in the first quarter, and that the operational loss would be Euro175 million.

Sales, profits & dividends, Finance

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Semiconductor slump spurs Philips to streamline its operations

Article Abstract:

Philips Electronics N.V. has decided to streamline its operations, due to the semiconductor slump. The company had announced a reorganization of its internal structures in an attempt to cut overheads.

Organizational history, Management, Abstract

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