Philips to miss '06 target in consumer electronics unit EETimes
Royal Philips Electronics is set to miss its target this year of 4 percent operating margins in the consumer electronics division, which generates about 40 percent of group sales. It said it would be "slightly shy" of the target in 2006.
Philips says Consumer Electronics, DAP divisions on track - UPDATE Sharewatch
AMSTERDAM (AFX) - Royal Philips Electronics NV said its two main consumer businesses, Consumer Electronics (CE) and Domestic Appliances and Personal Care (DAP), are on track to achieve their targets as the company announced further cost-cutting measures.
Philips says Consumer Electronics, DAP divisions on track Sharewatch
Philips repeated its guidance that the full-year EBIT margin at Consumer Electronics will be \"slightly shy\" of 4 pct, while DAP \"remains on track to delivering on its long-term, average annual growth rate of 7 pct.\"
Philips to miss 2006 CE target Electronic Engineering Times Asia
Royal Philips Electronics is set to miss its 2006 target of 4 percent operating margins in the consumer electronics division, which generates about 40 percent of group sales.
Philips scraps plans to sell navigation devices Reuters via Yahoo! News
Dutch Philips Electronics has shelved plans to make mobile personal navigation systems, the chief executive of Philips' consumer electronics unit said on Tuesday.
Philips Family Sells $15.6 Million of Paintings at Sotheby's Bloomberg.com
Dec. 7 (Bloomberg) -- The family of Royal Philips Electronics NV's founder sold 7.9 million pounds ($15.6 million) of old-master paintings at a Sotheby's London auction last night, taking advantage of one of the fastest rising segments in the art market.
Philips adjusts profit targets, spends on marketing its brand Market Watch
LONDON (MarketWatch) -- Philips Electronics, Europe's largest consumer-electronics maker, said Tuesday it'll spend 100 million euros on its brand next year, while also setting new core-profit forecasts that disappointed some investors.
Philips scraps plans to sell navigation devices Reuters via Yahoo! Asia News
has shelved plans to make mobile personal navigation systems, the chief executive of Philips' consumer electronics unit said on Tuesday.
Philips dumps plan to enter navigation device market Electronic Engineering Times Asia
Philips Electronics is mothballing plans for selling mobile personal navigation systems, taking a U-turn from the agenda it presented in June.
STOCKWATCH TomTom rises after Philips decision not to enter PND market Sharewatch
At 1.07 pm, TomTom shares were up 1.16 pct at 36.62 eur while the AEX was down 0.03 pct at 473.63. Philips made the announcement during an analyst conference following a business update on its consumer electronics business.

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