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Electronics giant Philips issues profits warning (CNN)
Royal Philips Electronics NV issued a profit warning Thursday, saying its markets are deteriorating and that it expects additional charges and write downs of €1.2 billion ($1.51 billion) in the fourth quarter.
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Philips Electronics says will not meet targets (Financial Times)
AMSTERDAM, Dec 4 - Philips Electronics said on Thursday it did not expect to meet its mid-term profit target as market conditions for its consumer lifestyle and parts of its lighting units were deteriorating.
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Philips warns on Q4, takes charge on NXP stake (EETimes)
Philips Electronics has dramatically cut fourth quarter sales and earning targets and has accelerated restructuring measures as demand plummets in some of its core markets.
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Philips issues 4Q profit warning, expects charges (AP via Yahoo! News)
Royal Philips Electronics NV issued a profit warning Thursday, saying its markets are deteriorating and that it expects additional charges and write downs of euro1.2 billion ($1.51 billion) in the fourth quarter.
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Downturn to hit Philips profits (BBC News)
Electronics giant Philips says the downturn is without "recent comparison" and that its revenue will be less than expected.
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Philips issues profit warning for fourth quarter (AP via Yahoo! News)
Royal Philips Electronics NV has warned of deteriorating conditions in its markets and says it expects additional charges and write downs of euro1.1 billion ($1.4 billion) in the fourth quarter.
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Philips may no longer meet 2010 earnings per share target (AFP via Yahoo! News)
Dutch medical and consumer electronics giant Philips said Thursday it no longer expected to meet its target of doubling earnings before interest, tax and amortisation (Ebita) per share by 2010.
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CMC, Ritek obtain new CD-R, DVD+R/-R licensing from Philips (Digi Times)
CMC Magnetics and Ritek have reached a consensus with Royal Philips Electronics about new licensing terms for Philips' CD-R and DVD+R/-R patents. A new contracts are to be signed as early as the end of 2008, according to industry sources in Taiwan.
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Europe, U.S. Stocks Drop on Profit Concern; Philips, Merck Fall (Bloomberg)
Dec. 4 (Bloomberg) -- Stocks in Europe and the U.S. fell after disappointing forecasts from Royal Philips Electronics NV, DuPont Co. and Merck & Co. overshadowed interest-rate cuts by the European Central Bank and the Bank of England.
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Philips Won’t Meet Earnings Goal Amid Economic Slump (Update3) (Bloomberg)
Dec. 4 (Bloomberg) -- Royal Philips Electronics NV , Europe’s largest maker of consumer electronics, said it won’t meet its target of doubling earnings by 2010 as the weakening economy hurts demand for consumer and automotive products.
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