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December 2, 2008 9:25:23 AM CST

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Philips news stories

5 Stories

North American TV Sales Drag Philips Down

Profits off 28% in first quarter as electronics giant feel pinch

Reuters Reuters Apr 14, 08 10:15 AM CDT
(Newser) - An expanding health-care sector in China couldn’t help Royal Philips Electronics offset poor television and video sales in North America, as the world’s leading lighting company reported core profits fell 28% in the first quarter, Reuters reports today. The company said it expects the global economic slowdown will continue to hurt its consumer-electronics sales. More »

More about:  China • television • corporate earnings • global economy • consumer electronics • Philips

FCC to Re-Test Wireless Internet Devices

Companies seek to broadcast web over unused TV airwaves

Associated Press Associated Press Jan 19, 08 12:20 AM CST
(Newser) - After a series of unsuccessful tests, the Federal Communications Commission is heading back to the lab to assess a new round of devices for broadcasting high-speed Internet in the white space available in between TV airwaves. The prototypes come from a coalition of top-tier bidders, including Microsoft, Philips, and Intel, none of which received positive grades the first time around, the AP reports. More »

More about:  Internet • Microsoft • FCC • Wi-Fi • broadband Internet • wireless technology • Philips • rural area

Philips to Buy Sleep Therapy Firm for $5B

Respironics deal latest in expansion into
US health-care sector

Reuters Reuters Dec 21, 07 6:01 PM CST
(Newser) - Electronics giant Philips will buy Respironics, an American maker of sleep therapy products, for $5.1 billion, Reuters reports, its most expensive foray yet into the health-care sector. That plan has seen Philips purchase lighting firm Genlyte for $2.7 billion and medical systems provider Visicu for $430 million within the past month as the company works to leverage its cash pile. More »

More about:  mergers and acquisitions • Philips

LEDs Light Up Europe,
As Bulb Makers Switch

An Italian village goes LED, and Philips makes a multi-billion bet

Economist Economist Dec 1, 07 2:10 PM CST
(Newser) - Europe is going low-e with LEDs, presaging a trend about to spread worldwide. The Italian village Torraca, for example, just switched all of its streetlights for light-emitting diode fixtures, and Dutch electronics giant Philips has snapped up an American firm in a plan to push similar changes in the states. LEDs use an eighth of the power of incandescent bulbs, the Economist reports, stay cool, and can last for ten years. More »

More about:  LEDs • Philips • interior design • incandescent bulbs

The CD Turns 25

Wired salutes the 'obsolete form of optical media,' which turns 25 today

Wired Wired Aug 17, 07 5:06 PM CDT
(Newser) - The compact disc, which Wired calls an "obsolete form of optical media," has been spinning for 25 years today, according to a press release from Philips. The first disk, a recording of ABBA’s “The Visitors,” was produced in Hanover, Germany in 1982. A stunning 200 billion CDs have been produced since, and the technology and form have been adapted for next-gen media like DVD and Blu-Ray. More »

More about:  music • Sony • digital music • CDs • data storage • Philips • compact discs

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