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 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 Re-Launch Healthy Rice Cooker RedNova
By Pitsinee Jitpleecheep, Bangkok Post, Thailand Dec. 6--Philips Electronics (Thailand) Ltd, will re-market its previously withdrawn rice cookers this year, aiming to become the local market leader within three years.
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 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.
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 cans plan for GPS devices PC Advisor
Philips Electronics has backtracked on its previously stated plan to enter the satellite navigation market. In June the company spread the word about a new line of portable products that it planned for September. After the announcement, shares in TomTom International, the market leader in navigation devices, sunk 3 percent within the hour.
Green light for energy savings E4: Engineering
At an energy efficiency forum in Brussels , Royal Philips Electronics yesterday announced a number of energy efficient lighting solutions which could reduce costs, save energy and cut CO 2 emissions.
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