Philips will sell electronics plants to cut costs

Article Abstract:

Philips Electronics is planning to divest several consumer-electronics plants as part of a cost reduction plan. It is not known how many employees will be laid off as a result of the plan.

Facilities & equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, Planning, PHD

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Philips sells 3% Vivendi stake, refocusing on core operations

Article Abstract:

Koninklijke Philips Electronics N.V. sells its three percent stake in Vivendi Universal S.A. to concentrate on core businesses.

France, Management dynamics, PRINTING AND PUBLISHING, Radio and Television Broadcasting, Management, Mass media industry, Company business management, Vivendi S.A.

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Expansion strategy at Philips carries risk

Article Abstract:

As Philips Electronics aims to move into the medical equipment industry, largely through acquisitions, analysts warn that the consumer-electronics company could suffer from such a plan. In addition to having to compete in its expansion with such giants as General Electric and Siemens, Philips risks overpaying for the companies it acquires, say analysts, due to the current trend in high valuations of medical equipment firms.

Acquisitions & mergers, Sales, profits & dividends, Medical Instruments and Supplies, Medical Equipment and Supplies Manufacturing, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Medical Instruments & Supplies, Mergers, acquisitions and divestments, Company acquisition/merger, Company sales and earnings, Company earnings/profit, Medical equipment and supplies industry, Medical equipment industry, Aims and objectives, Subsidiaries, divisions and units

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