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 Thursday January 10 2002
Philips CEO outlines vision for reshaping Philips in 2002 and beyond
Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics on Thursday expressed his ambition to further increase the focus on reshaping Philips during 2002 and beyond, and building the technology core of the company around displays, connectivity and storage. Mr. Kleisterlee was giving a keynote speech at the Consumer Electronics Show in Las Vegas, the first ever Philips executive to do so.

Thursday January 3 2002
Philips agrees to sell its Fax Business Unit to Group SAGEM of France
Royal Philips Electronics of the Netherlands and Groupe SAGEM of France announced on Thursday an agreement on the sale of Philips' business unit fax to SAGEM. The transaction is expected to close in the next few months and is subject to customary approvals. The main activities of Philips' business unit fax are located in Vienna, where about 350 employees are active in research and development, manufacturing, marketing and service.

Wednesday January 2 2002
European Telecom acquires part of Philips' mobile operations
European Telecom PLC of the United Kingdom has acquired from Philips Electronics N.V. parts of Philips' unit for industrial operations in the field of mobile telephony in Le Mans, France. Under this agreement, which became effective January 1, 2002, a total of 597 employees have been transferred from Philips to European Telecom.

Thursday December 13 2001
Philips gives boost to two local suppliers
Philips Electronics Singapore, a subsidiary of leading Dutch electronics firm Royal Philips Electronics, yesterday reached a deal to share the company's production technology and quality control system with suppliers Yeakin Plastic Industry and Amtek Engineering. Metal processing company Amtek will utilise Philips' patented technology for coating steam iron sole plates. Yeakin will implement the Netherlands-based firm's quality assurance scheme in order to reduce the number of factory rejects.

Monday December 10 2001
Gottfried Dutine set to join Philips' Board of management
Royal Philips Electronics on Monday announced two appointments to its Board of Management and new roles for its board members. Dr. Gottfried Dutin‚, currently Vice President of the Telecom Board Committee of Alcatel, Chairman of Alcatel Deutschland GmbH, and Area President of Alcatel for Central & Eastern Europe, will join Royal Philips Electronics as of February 1, 2002.

Monday December 3 2001
Philips and Punch International create power solutions join venture
Royal Philips Electronics on Monday announced it has signed a preliminary agreement to bring Philips Power Solutions, a business line of Philips Components, into a joint venture with Punch International. Punch will hold 51% of the shares. Philips Power Solutions develops, produces, and sells Switch Mode Power Supplies used in the display, telecommunications, and emerging consumer electronics markets.

Thursday November 29 2001
Philips is focussing its Research Organisation
In its drive to become more effective as well as to adjust to the lower level of short-term contracts with its parent company's lines of business, Philips Research will reduce its organisation by some 300 people worldwide. This represents about 10% of the total workforce, including support staff, located at all laboratories of Philips Research.

Monday November 26 2001
Bank staff bought Endemol shares after Boonstra-order
The controversial trade in shares in Dutch entertainment company Endemol by former chairman Cor Boonstra of Dutch electronics group Philips did not do staff of Belgian bank KBC any harm. Employees of the Flemish KBC branch where Mr Boonstra ordered the acquisition of about Fl 1m of shares in Endemol, hitched a ride on this large order for their own financial benefit.

Friday November 23 2001
Philips axes 124 jobs at LG Philips Displays
At a reorganisation of the Dutch activities of monitor manufacturer LG Philips Displays in Eindhoven, 102 permanent jobs and 24 temporary jobs out of the total 450 jobs will be cut. LG Philips Displays is part of a joint-venture between Dutch electronics group Philips and Korean rival LG Electronics.

Wednesday November 21 2001
Philips temporarily suspends shipment of Adac products
Royal Philips Electronics on Wednesday announced that ADAC Laboratories. (ADAC), part of Philips Medical Systems, has voluntarily, and temporarily, suspended shipment of its products. This action follows receipt from the FDA of an inspection report and warning letter identifying deficiencies in the verification and validation processes at ADAC's Milpitas, California facility.

Wednesday November 14 2001
Philips to cut 400 jobs at Cean
Philips is to cut 400 jobs at its production plant in Caen, France, according to a union source. Philips has, like its rivals, been suffering from a sudden drop in semiconductor sales since the start of this year after an exceptional year 2000. In July, Philips chairman Gerard Kleisterlee announced that 3,000 to 4,000 jobs would have to be cut during the second half of this year, but did not specify the sites involved.

Tuesday November 13 2001
Philips unveils revolutionary new home shopping device
Philips Components, a division of Royal Philips Electronics, on Tuesday unveiled the HSD4000 Home Shopping device, a kitchen-based appliance for a digital and more productive shopping experience. With this device Philips illustrates how it can leverage its leadership in displays and consumer understanding to develop technologies and applications that deliver end-user convenience and enhance limited available time.

Philips to release DVD recorder 1st time in Korean market
Philips Electronics said it will launch a new digital video disk (DVD) recorder for the first time on the domestic market next Tuesday. The DVDR1000 can record and edit pictures and voice signals from digital broadcasting and digital camcorders. The product, which can store digital pictures for up to four hours, converts analog pictures of existing analog TVs and video recorder cassettes (VCRs) into high-definition digital pictures.

Monday October 22 2001
Philips completes acquisition of Marconi Medical Systems
Royal Philips Electronics announced on Monday that it has completed the acquisition of the medical systems business of Marconi plc, for a total purchase price of USD 1.1 bn. Marconi Medical Systems has 5,000 employees operating in the medical imaging market in over 100 countries, specializing in computed tomography, magnetic resonance and nuclear medicine systems.

Mobile handsets agreements between Philips and China Electr. Corp. signed
Royal Philips Electronics and China Electronics Corporation (CEC) on Monday have signed in Beijing definitive agreements on the transfer of Philips' mobile handset activities. Under the agreement, as per the announcement of June 26, 2001, Philips will bring part of Philips Consumer Communications' (PCC) research & development and part of PCC's manufacturing activities into a partnership with CEC.

Thursday October 18 2001
Philips sponsors European University Football League
Royal Philips Electronics of the Netherlands on Thursday announced to sponsor the European University Football League. As part of Philips' continuing and developing youth strategy, the company has acquired the commercial rights and sponsorship for the European University Football League in an attempt to engage the university student population in Europe.

Philips creates Marketing Chair to boost Business Know-How in China
Royal Philips Electronics of the Netherlands on Thursday established the Philips Chair in International Marketing at the China Europe International Business School (CEIBS) in Shanghai. Mr. Jan Oosterveld, member of the Philips Group Management Committee delivered the Marketing Chair inauguration speech at CEIBS.

Tuesday October 16 2001
Net income Philips third quarter 2001 loss of EUR 799 mln
Net Income of Royal Philips Electronics in the third quarter amounted to a loss of EUR 799 mln (a loss of EUR 0.62 per share) compared to a profit of EUR 2,066 mln (EUR 1.58 per share) in the corresponding period of 2000. Income from unconsolidated companies came to a loss of EUR 350 mln. Income was negatively impacted by after tax charges of EUR 346 mln (a loss of EUR 0.27 per share), EUR 125 mln of which was in unconsolidated companies.

Hommen, CFO Philips confirms net loss Philips 2001 approx. EUR 600 mln
During the conference call for the financial press earlier on Tuesday, Mr. Jan Hommen, Chief Financial Officer of Royal Philips Electronics, confirmed that the net loss for Philips for the full year 2001, before charges, is estimated at approximately EUR 600 mln. This number can be derived from the report on the performance of the Philips Group in the third quarter 2001, as follows: Net income, excluding charges, for the first nine months 2001: a loss of EUR 387 mln Anticipated net loss, excluding charges, fourth quarter 2001: EUR 200-250 mln During the conference call, in the context of specific questions from journalists, an amount of EUR 400 mln was also referred to.

Monday October 15 2001
Philips awaited forrestructuring update
Philips is set to announce third-quarter results on Tuesday, and the focus will be on the success to date of its restructuring plans, which included cutting about 11,000 jobs. Philips Electronics, the Dutch semiconductor and is expected to announce a third-quarter operating loss of E594m when its reports on Tuesday, down from a profit of E945m a year ago.

Thursday October 11 2001
Philips Hasselt wants to limit redundancies
Philips Hasselt, a Belgian branch of the Dutch electronics giant, is holding an extraordinary works council on 17 October to answer the unions' questions about the company's planned restructuring plan. Philips announced in August that 600 of the 2,048 jobs will have to go. This figure was confirmed at the works council. Philips will also cut 140 temping staff. The company is looking into the possibility of keeping a number of staff by transferring them to other divisions.

Tuesday October 9 2001
Philips to actively address Electronics Manufacturing Services market
Philips has decided to change the status of its printed circuit board assembly unit, PCB/Assembly. The group, that will be renamed Philips Contract Manufacturing Services, will transform its current internal-oriented focus into a global full-service supply company in the rapidly growing EMS (Electronics Manufacturing Services) market.

Friday October 5 2001
Philips may make second open offer at Rs 106-110
The second open offer to be announced by Royal Philips Electronics is likely to be priced in the range of Rs 106-Rs 110 per share. Market sources say the offer will be announced within six months. This follows the decision of the company to delist its Indian subsidiary, Philips India (PIL), even as it plans to make India as the hub of its operations.

Monday October 1 2001
Philips restructuring program at Assembleon will affect 570 people worldwid
Assembl‚on, formerly known as Electronic Manufacturing Technologies (EMT), a wholly owned subsidiary of Royal Philips Electronics, on Monday announced an organizational restructuring. The downsizing will affect approximately 570 people worldwide, 320 of whom (including 170 temporary employees) are based in Eindhoven, the Netherlands.

Thursday September 20 2001
Philips Semiconductors meets analysts
Royal Philips Electronics, on Thursday held a financial analysts meeting in Amsterdam where it discussed the position of its Semiconductor division. At the meeting, senior management of Philips Semiconductors presented actions that have been taken to manage the global downturn in the Semiconductor industry, and explained that the division is well positioned when the industry would turn around.

Philips glum about chips performance
Philips warned of a further deterioration in the performance of its semiconductor side, setting aside funds for cuts in staff and capacity. Sales at the chip division were expected to fall 17-18% in the current three months to September compared with the immediately preceding quarter, it said. This was before taking into account any impact on demand from last week's attacks on the US, which Philips said remained "too early to assess".

Friday September 14 2001
Philips and Open TV enable Digiturk to exploit digital opportunities
At this year's IBC, Philips Digital Networks will demonstrate a set-top box that will be used in the roll-out of digital services by DIGITURK, Turkey's largest broadcast service provider. The set-top box features OpenTV's (NASDAQ and Euronext Amsterdam: OPTV) EN2 middleware, with customisation by Philips, enabling DIGITURK to offer cutting-edge digital TV services that meet the future needs of its subscribers.

Wednesday September 12 2001
Miroslav opens new LG. Philips Displays factory in Hranice
Today the Minister for Industry and Trade and Deputy Prime Minister of the Czech Republic Mr. Miroslav Gr‚gr and the Deputy CEO of LG.Philips Displays, Mr. Seung Pyeong Koo will open the LG.Philips Displays Technology Center in Hranice. The Center, which in its initial phase represents a EUR 200 mln (over CZK 7 billion) investment, provides work for over 1000 people of which 97% are from the surrounding region.

Friday September 7 2001
Aalberts Industries and Philips end talks on alliance
The strategic alliance announced earlier this year between Aalberts Industries and Philips in the field of material technology will not take place. As a result of greatly changed perceptions within the Philips organisation, and despite the fact that the process of take-over was practically complete, Philips is unable to give any serious substance to the intended alliance.

Monday September 3 2001
Philips scraps jobs
Philips reported on Monday it was to scrap a further 100 jobs at its semiconductor plant in Stadskanaal because of falling worldwide demand. Earlier, Philips scrapped 100 jobs at the plant, plus 300 in Nijmegen. Those job losses were accounted for by relocating staff and not renewing temporary contracts.

Friday August 24 2001
Philips CEO Kleisterlee sees launch of DVD recorder as an important step
Today at the Internationale Funkausstellung (IFA), Royal Philips Electronics launched the first commercially available DVD recorder in Europe - the Philips DVDR1000. The Philips DVD Recorder is the latest addition to a progressive innovation of Philips optical storage products that started in 1980 when Philips first developed and patented the audio CD.

Thursday August 23 2001
Philips cuts 600 jobs in Hasselt
Philips is cutting 180 full-time jobs in its research and development unit in the Belgian town of Hasselt. Including temporary contracts, a total of 592 jobs will be cut. The board said that it wants to avoid forced redundancies. Measures in other units in Belgium, where Philips employs a total of 7,150 people, cannot be ruled out.

Thursday August 16 2001
Philips to outsource VCR production
As new technologies in video recording and playback are rapidly emerging, Philips' Consumer Electronics Mainstream division is to refocus its VCR activities. Following expansion in promising digital consumer electronics product areas such as digital video and optical disc technologies (DVD), the mass manufacturing of VCRs for the European market will be outsourced to Funai Electric Company, of Japan, the world's largest manufacturer of VCRs.

Tuesday August 7 2001
Philips cuts 210 jobs at its Maua plant, in Brazil
The Brazilian subsidiary of Philips, the Dutch electronics goods manufacturer, has cut 210 jobs at its Maua plant, in the state of Sao Paulo, according to the local trade union. The workers will on Tuesday meet to decide whether or not to accept the company's proposal. The company has confirmed plans to cut 180 jobs at the plant, which employs a total of 1,110 workers. The reason for the cuts is the strong fall in light bulb sales caused by the government's power rationing programme.

Monday July 23 2001
Philips to launch Eurobond Benchmark Issue
Royal Philips Electronics of the Netherlands intends to launch a Eurobond ("the Notes") with a short to medium-term maturity. The proceeds will be used for general corporate purposes. Philips existing long-term debt is rated A3 stable outlook by Moody's and A- stable outlook by Standard & Poors. The Notes have not and will not be registered under the US Securities Act of 1933 (the "Act") and may not be offered or sold in the United States absent registration under the Act or an applicable exemption from the Act's registration requirements.

Thursday July 19 2001
Philips's French employees wait to hear of their fate
Philips Electronics is looking to cut some 5,500 jobs during the second half of the year, after having forecast between 6,000 and 7,000 cuts to mid-April. 1,500 of the jobs to be lost during the second half will go from the group's components division, with between 3,000 and 4,000 set to be lost at its semiconductor manufacturing arm.

Wednesday July 18 2001
Philips's Q2 loss overshadows tech sector
Europe's largest consumer-electronics company, Philips Electronics, has announced a second-quarter loss of USD 661 mln, a revenue decrease it blames on the global economic slowdown. Weak sales and poor performance by its semiconductor unit coupled with upcoming special charges threaten to push the Dutch company's full-year results into negative territory for the first time since 1992.

Tuesday July 17 2001
Net loss Philips Q2 2001 EUR 770 mln
Impact of economic slowdown accelerated in second quarter; restructuring programs in progress Net Income of Royal Philips Electronics in the second quarter amounted to a loss of EUR 770 mln (a loss of EUR 0.60 per share) compared to a profit of EUR 3,604 mln (EUR 2.71 per share) in the corresponding period of 2000.

Thursday July 12 2001
Royal Philips and AOL Time Warner announce global strategic alliance
Companies to Collaborate on Development of New E-Commerce Platforms, incorporating AOL Time Warner Content and Services Amsterdam, The Netherlands and New York, USA., July 12, 2001 - Royal Philips Electronics of the Netherlands (AEX: PHI, NYSE: PHG) and AOL Time Warner, on Thursday announced a strategic alliance that will combine AOL Time Warner's strengths in interactive marketing and media and Philips' strengths in consumer electronics and technology.

Wednesday July 4 2001
Philips to acquire Marconi's Medical Systems business
Royal Philips Electronics (AEX: PHI, NYSE: PHG) and Marconi plc (London and NASDAQ: MONI) announced on Wednesday that Philips has agreed to acquire Marconi's Medical Systems business (MS) for USD 1.1 bn. The acquisition of MS will enable Philips Medical Systems (PMS) to become a leading player in the high technology computed tomography scanner (CT) business and to further strengthen its magnetic resonance imaging systems (MRI) and nuclear medicine systems (NM) businesses.

Friday June 29 2001
Philips receives EUR 500 mln from redemption of LG Electronic shares
Royal Philips Electronics of the Netherlands announced on Friday that upon the request of LG Electronics, Philips has offered its 32 million convertible redeemable preferred shares of LG Electronics for redemption. Philips acquired these shares in December 2000. The redemption price equals the original purchase price and amounts to 544 billion Korean Won (approximately EUR 500 mln).

Wednesday June 27 2001
Philips addresses short term issues
During an analyst meeting on Philips Consumer Electronics held in Amsterdam on Wednesday, Royal Philips Electronics' President and CEO Gerard Kleisterlee elaborated on the Company's objective to become a high growth technology company. He emphasized that it is of the utmost importance for Philips to invest aggressively in marketing competence in order to achieve market leadership in key growth areas, capitalizing on the company's extensive portfolio of innovative technologies, bringing products to the market that capture the consumer's imagination.

Tuesday June 26 2001
Philips to refocus its mobile handset business
Following the strategic review of its mobile handset business, the Board of Management of Royal Philips Electronics announced on Tuesday its decision to refocus its activities. Philips will cease to be an independent manufacturer of mobile handsets and will bring part of its research & development and part of its manufacturing activities into a partnership with China Electronics Corporation (CEC), while maintaining a focused sales and marketing activity under the Philips brand.

Monday June 25 2001
Philips to form mobile handset jv with China Electronics Corp
Philips Electronics said it will restructure its mobile handset operations to form a joint venture with China Electronics Philips said it will cease to be an independent manufacturer of mobile handsets and will bring part of its research and development and part of its manufacturing activities into a partnership with CEC, while maintaining a focused sales and marketing activity under the Philips brand.

Wednesday June 20 2001
Philips and General Electric sign a Production Alliance Agreement
Philips Enabling Technologies Group (Philips ETG) and General Electric Company (GE) have signed an Exhaust Nozzle Production Alliance Agreement (PAA). This agreement reflects Philips ETG's involvement in GE's new F110 Ejector Nozzle design, and Philips' long-standing relationship with GE to supply F110 Exhaust Nozzle components.

Philips enters into agreements with General Electric and Rolls Royce
As part of the contribution to the JSF F120 Team (GE, Rolls Royce, Allison Advanced Development Company and Philips ETG), Philips ETG has entered into a Memorandum of Understanding with GE relating to the manufacturing of the High Pressure Compressor Titanium Stages 1 and 2 blisks for the next phase of JSF F120 program.

Friday June 15 2001
Philips Semiconductor to report an operating loss in Q2
Royal Philips Electronics of the Netherlands announced on Friday that revenues from its Semiconductors division in the second quarter of this year are expected to decrease by 20-25% compared with the first quarter as a result of continuing weakness in its key markets. Fab utilization will come down to 40-45% at the end of the second quarter.

Tuesday June 12 2001
Philips and LG sign definitive agreement on joint venture
In Amsterdam on Tuesday, Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics and John Koo, Vice Chairman and CEO of LG Electronics signed a Definitive Agreement, through which the two companies will merge their respective cathode ray tube (CRT) businesses into a new joint venture company.

Friday June 1 2001
Philips & Agilent announce clearance of antitrust review by US Department
Royal Philips Electronics and Agilent Technologies. announced on Friday that the US Department of Justice has decided to allow the acquisition of Agilent's Healthcare Solutions Group by Philips to proceed without challenge. The parties are working to close the transaction as soon as possible. Agilent will present financial data showing HSG as a discontinued operation at the filing when it files its Form 10-Q for the quarter ended April 30, 2001 with the Securities and Exchange Commission in June 2001.

Wednesday May 23 2001
Philips Semiconductor & Open TV interactive television middleware suppor
Philips Semiconductors, and OpenTV on Wednesday announced their intention to port OpenTV's interactive television (iTV) middleware to the Philips Semiconductors' Nexperia tm Home Entertainment Engine line. The integration of OpenTV's proven iTV middleware solution with the Nexperia Home Entertainment Engine platform is expected to empower service providers to deliver interactive television applications on both today's set-top boxes and "next generation" boxes.

Monday May 21 2001
Comments by Philips' CFO Jan Hommen at CSFB Conference in Barcelona
During the annual Credit Suisse First Boston European Technology Conference in Barcelona, Spain, Mr Jan Hommen, a member of the Board of Management and Chief Financial Officer of Royal Philips Electronics, on Monday gave a presentation, in which he reiterated the strategic process to transform Philips into a high growth technology company.

Thursday May 17 2001
Alliance between Philips Enabling Technologies Group and Aalberts Industries
Philips Enabling Technologies Group and Aalberts Industries N.V. are to work together intensively throughout the world in the area of Material Technology (heat and surface treatment). Philips Enabling Technologies Group (Philips ETG) has decided to concentrate on its core activities. In view of this, it has been seeking a partner for its materials treatment (heat and surface treatment) activities.

Wednesday May 9 2001
Philips places EUR 2.25 bn Eurobond
Royal Philips Electronics of the Netherlands (AEX: PHI, NYSE: PHG) on Wednesday placed an inaugural Eurobond issue ("the Notes") for a total amount of EUR 2.25 bn. Philips has placed two tranches with maturities in May 2008 and May 2011. The 7-year Notes are being offered in the aggregate principal amount of EUR 1.5 bn, have a coupon of 5.75%, an issue price of 99.972% and a yield of 5.755%.

Tuesday March 20 2001
Philips chip profit falls 10%
Philips said on Tuesday the weaker US economy has cut into its chip unit profit which will be 10% lower in the first quarter. Philips also said it expects that its component and consumer electronics divisions will report "negative income from operations" in the period. Philips said the profit fall will comes even as sales of semiconductors were expected to be 7% higher compared with the first quarter in 2000.

Philips warns on slowdown
Philips on Tuesday warned that profits would be hit by a weakening US economy and a slowdown in demand for mobile phones and personal computers. The company said first-quarter operating income from its semiconductor division would be 10% down on the same period last year. Its components and consumer electronics units, the latter including its mobile phone division, would post a loss, it said.

Thursday March 1 2001
Philips and MJI announce measures to strengthen Marantz business
Philips and Marantz Japan. (MJI) jointly announce that MJI intends to buy from Philips the Marantz trademark and the European and American sales organizations. The transaction is due to take effect in the coming months. In addition, Philips intends to sell 1.5% of its shareholding in Marantz Japan. in due consultation with MJI, effectively reducing its share from 50.5% to 49%.

Wednesday February 28 2001
Philips launches factory in east Germany
Philips wants to build a microchip factory in the east German town of Erfurt. The project involves an investment of several hundred million guilders. This would be the first time that Philips has invested such a large sum in east Germany. The new factory will create jobs for 300 people. Philips said that it is still in 'intensive negotiations' with the state of Thuringen, where Erfurt is located. In west Germany, Philips has two microchip factories, in Hamburg and Boblingen.

Tuesday February 27 2001
E Ink draws cash infusion from Philips
Two weeks after laying off a quarter of its workforce, E Ink said on Tuesday that Philips Components, the Silicon Valley subsidiary of Netherlands-based Royal Philips Electronics, would make an unspecified investment in the company to jointly develop electronic displays for use in handheld devices. It is the second large manufacturer to take a stake in E Ink in the last seven months.

Monday February 26 2001
Philips launches USD 2.5 bn Global Commercial Paper Program
Philips Electronics of the Netherlands announced on Monday that it is launching a USD 2.5 bn Global Commercial Paper Program (CP Program). Under this Program, Philips will issue commercial paper notes ("Notes") worldwide, which will be sold through a number of dealers. With maturities up to 365 days, it will provide an additional and flexible financing source, which Philips will use for general corporate purposes.

Thursday February 22 2001
Philips and Cor Boonstra honored
Philips Electronics of the Netherlands and its president, Cor Boonstra, received the George Washington Vanderbilt Award from the Netherlands Chamber of Commerce in the United States last night at a gala dinner held at the Plaza Hotel. The award recognizes Philips' achievements and contribution to trade and investment between the Netherlands and the United States.

Tuesday February 20 2001
Philips announces sale of its battery manufacturing activities
Philips Lighting BV announces that it has entered into a final agreement to sell its 50% ownership of the battery manufacturing joint ventures PMBC (Philips Matsushita Battery Corporation) in Belgium and PMBP (Philips Matsushita Batteries Poland) in Poland to Matsushita Battery Industry, its joint venture partner, for EUR 42 mln.

Land dispute may hobble Philips Czech factory
A dispute between Czech hairdresser Marketa Regecova and Philips Electronics, over a 53-acre patch of land on which the Dutch electronics giant is close to completing a cutting-edge TV-screen factory, has thrown into clearer relief the limitations on the Czech government's ability to buy land. Ms. Regecova's initial refusal to sell her land and subsequent raising of her asking price to just under USD 400,000, has led Czech officials to examine amendments to current investment legislation under which property owners would be forced to sell in instances where projects are eligible for investment incentives.

Thursday February 15 2001
Philips Semiconductors introduces new microcontroller family
Philips Semiconductors, a division of Dutch-based Royal Philips Electronics, has launched a new line of 80C51 microcontrollers for use in such applications as modems, set-top boxes and card readers. The P89C66X family combines up to 64B of flash program memory, 2Kb of RAM and a 12C serial interface supporting advanced computing applications.

Wednesday February 14 2001
Philips introduces new 3G chips
Philips Semiconductors on Wednesday announced a new process technology aimed at producing high performance chips for next generation mobile products at costs well below those of competing technologies. The new process, named QUBiC4, allows Philips Semiconductors to produce Radio Frequency (RF) chips that meet the high speed and low power requirements of advanced mobile networks using BiCMOS processing, a silicon-only approach.

Friday February 9 2001
Philips announces USD 68 m investment
The Brazilian subsidiary of Phillips, the Dutch electronics goods manufacturer, announced plans to invest USD 68 mln in two production lines in the city of Manaus, in the northern state of Amazonas, during 2001. The production lines will produce 29-inch television screens and liquid crystal displays (LCDs) for mobile handsets and will create 2,100 jobs.

Philips to replace old logo this year
Philips will subject its old logo to changes, after fifty years of service. The company plans to come up with a new logo which radiates the identity of the electronics group in a better way than the old, somewhat stuffy logo. This does not mean that all references to the old logo are to disappear. Gerard Kleisterlee, soon to be Philips' new chairman, said that the stars and the shield will remain.

Farewell to Cor Boonstra after record year at Philips
Philips has upwardly adjusted aims for the next few years. At yesterday's presentation of the annual report, it emerged that growth, profitability and shareholders value will have to be improved further. The group is aiming at an average turnover growth of over 10% per year, while operating profit should amount to 10% of turnover, compared with a current 8%.

Thursday February 8 2001
Philips to re-allocate a number of businesses
Philips Electronics of the Netherlands, on Thursday announced the re-allocation of a number of businesses in the Specialty Products group of Consumer Electronics into other Philips entities. The re-allocation will better align the business' strategies with other parts of the Philips Group, and is intended to create synergies leading to improved efficiencies, and better market coverage.

Philips announces record earnings for 2000
The year 2000 was a record year for Royal Philips Electronics in almost every respect. Aided by favorable economic conditions worldwide and a strong US dollar, the Company benefited from strong demands for its products, especially components and semiconductors. Sales were up by 20%, and the overall profitability of continuing operations improved further, enabling the Company to meet the targeted objective of 24% return on net assets.

Monday February 5 2001
Philips and Agilent receive Hart-Scott-Rodino request for information
Philips Electronics and Agilent Technologies,. announced that a second request for information has been received from the Department of Justice in connection with the pending acquisition by Philips of Agilent's Healthcare Solutions Group. The US second request has the effect of extending the waiting period under the Hart-Scott-Rodino Act until 30 calendar days after both parties comply with the request.

US authorities want additional information of Philips
The acquisition of the US Healthcare Solutions Group by Philips has not yet been finalised. The US department of justice wants to obtain additional information on the transaction, which will delay the acquisition by at least a month. Philips announced last year that it would acquire HSG for USD 1.7 bn.

Monday January 29 2001
Philips Medical, SHL TeleMedicine set up European joint venture
SHL TeleMedicine announced a cooperation agreement with Philips Medical on Monday, aimed at developing new cardiology market areas in Europe. Philips Medical is a subsidiary of European electronics giant Philips. Ownership of the venture will be 19.9% SHL TeleMedicine and 80.1% Philips. SHL TeleMedicine received an option to increase its share to 35% in the next few years.

Thursday January 25 2001
Philips Medical Systems & SHL to establish European Telemedicine joint venture
Royal Philips Electronics and SHL TeleMedicine. announced on Thursday that Philips Medical Systems and SHL have entered into a joint venture to develop new geographical markets for cardiology telemedicine products and services across Europe. Closing of the transaction is subject to the approval of SHL TeleMedicine.'s audit committee and Board of Directors.

Tuesday January 23 2001
More employees of Philips to capital
Philips is moving its headquarters to the Breitnertoren office block, in Amsterdam in July. The move will involve 350 Philips employees who are already working in the nearby Rembrandt Tower, plus another 100 workers from Eindhoven. The announcement was made yesterday by the incoming chairman Gerard Kleisterlee, who was reportedly against moving the company headquarters to Amsterdam.

Monday January 22 2001
Philips will move to its new headquarters at the Breitner Tower in July
Philips will begin the move to its new headquarters at the Breitner Tower in Amsterdam this coming July. The removal plan will involve the transfer, one-by-one, of those departments (350 employees) currently located in the neighboring Rembrandt Tower. They will be joined by over 100 employees who will move to the Breitner Tower from Eindhoven.

Friday January 12 2001
Philips eyes L&H
Philips, the Dutch electronics group, is following the development of Flemish language technology company Lernout & Hauspie with interest. A spokesperson for the Dutch company confirmed yesterday that Philips may be interested if parts of the Flemish company, which is in great difficulty, were to be sold.

Thursday January 11 2001
Philips attempts to stimulate online sales
Philips will attempt to boost online sales by helping the 60,000 middlemen to sell products on the internet. Philips is aiming to integrate the internet with its existing distribution and dealer network. This approach will have a better result than when the company sells directly to consumers, Philips believes.

Wednesday January 10 2001
Philips Electronics to put 60,000 resellers online
Philips Electronics is hoping to increase Internet sales by integrating the global network in with its existing global distributor and dealer network, and in the process put its 60,000 resellers from around the globe online. The Wall Street Journal reported that Philips' approach is different from many of its rivals which have abandoned traditional distribution channels by selling directly to consumers, something the company said it does not want to do.

Friday January 5 2001
Philips announces Internet radio shelf system
Philips Consumer Electronics showcased on Friday the first Internet Radio Mini Shelf System, the FW-i1000, at the Consumer Electronics Show (CES). Philips' Internet Radio Mini Shelf System is the first true audio convergence product combining the Internet with a well-established audio product, a CD mini shelf system.

Wednesday January 3 2001
Philips Semiconductors and SoftConnex bring integrated USB host solution
Philips Semiconductors, a division of Philips Electronics, and SoftConnex Technologies,. on Wednesday announced an integrated USB host solution, combining SoftConnex's Universal Serial Bus (USB) USBLink host software with Philips Semiconductors' single-chip USB host and interface controller, the ISP1161/2.

Pilips Medical Systems North America signs marketing agreement
Philips Medical Systems North America of Shelton, Conn., a leading supplier of diagnostic imaging systems and related services worldwide on Wednesday announced it has entered into a marketing agreement with InSiteOne, a provider of online and nearline digital imaging storage and archiving services. Under the terms of the agreement, Philips will incorporate InSiteOne's patent-pending InDex(TM) archive solution as part of its Inturis for Radiology Picture Archiving and Communication System (PACS) Application Service Provider (ASP) solution.

Thursday December 21 2000
Philips to purchase LG Electronics' convertible redeemable preferred shares
In view of the relationship between Royal Philips Electronics and LG Electronics, and in connection with the display components joint venture, both companies have agreed that Philips will purchase 32 million convertible redeemable preferred shares of LG Electronics for 544,000 million Korean Won(approximately EUR 505 mln).

Philips realigns advertising agencies
Royal Philips Electronics announced on Thursday that it has decided to realign its advertising agencies to better support the needs of the brand and the businesses on a worldwide basis. As a result, Philips has appointed DDB Worldwide as new advertising agency and has decided to expand the scope of its existing advertising agency D'Arcy Masius Benton & Bowles.

Monday December 18 2000
Philips extends tender offer for shares of ADAC Lab.
Royal Philips Electronics announced on Monday that it has extended the expiration date of its USD 18.50 per share cash tender offer for all of the outstanding shares of common stock of ADAC Laboratories until 1:00 p.m., New York City time, TODAY, Monday, December 18, 2000. As of 5:00 p.m., New York City time, on Friday, December 15, 2000, approximately 19,489,881 ADAC shares had been validly tendered and not withdrawn pursuant to the tender offer.

Wednesday December 13 2000
Philips extends tender offer for shares of ADAC Laboratories to 15-12-2000
Royal Philips Electronics announced on Wednesday that it has extended the expiration date of its USD 18.50 per share cash tender offer for all of the outstanding shares of common stock of ADAC Laboratories, until 5:00 p.m., New York City time, on Friday, December 15, 2000. As of 12:00 midnight, New York City time, on Tuesday, December 12, 2000, approximately 17,558,749 ADAC shares had been validly tendered and not withdrawn pursuant to the tender offer.

Tuesday December 12 2000
Philips announces capital gains
Philips has warned that it could register exceptional capital gains of EUR 2.2 bn for the fourth quarter of 2000. The capital gain, which does not correspond to an increase in liquidity, is due to the revaluation of the group's assets in financial operations: the merger of its IS subsidiary Origin with Atos of France, as well as from the merger of Seagram with French conglomerate Vivendi. Philips has undertaken its Vivendi Universal shares, which represent 3.5% of the capital, for 90 days.

Friday December 8 2000
Philips announces expiration of Hart-Scott-Rodino waiting period
Royal Philips Electronics and ADAC Laboratories announced on Friday that the waiting period expired under the Hart-Scott-Rodino Antitrust Improvements Act applicable to Philips' pending acquisition of ADAC Laboratories. This means that the US antitrust authorities see no reason to block the intended transaction in the USA, where ADAC generates approximately 80% of its turnover.

Monday December 4 2000
Thomson acquires majority interest in Philips professional broadcaswt
Royal Philips Electronics of the Netherlands and Thomson Multimedia of France have reached a preliminary agreement for the purchase by Thomson of five businesses of the Philips Professional Broadcast group, through a new holding company established by Philips. Under the preliminary agreement, Thomson will immediately acquire 67% of a new holding company comprising the five businesses.

Monday November 27 2000
Philips close to alliance
Philips, the Dutch electronics company, and South Korea's LG Electronics are close to merging their mobile phone units following an agreement to unite their cathode ray tube operations to form the world's industry leader. The proposed mobile phone partnership, which the two sides intended to announce on Monday alongside the CRT deal, is aimed at increasing their competitive strength in the production of handsets for third-generation (3G) networks.

Friday November 17 2000
Philips to acquire Agilent Technologies' Healthcare solutions for USD 1.7 bn
Philips Electronics (AEX: PHI, NYSE: PHG) and Agilent Technologies. announced on Friday that Philips has agreed to acquire Agilent Technologies' Healthcare Solutions Group (HSG) for USD 1.7 bn. The transaction is subject to customary regulatory approvals and other closing conditions. The acquisition of HSG would enable Philips Medical Systems (PMS) to extend its scope considerably and to enter into new, high growth segments, including automatic external defibrillators and home care technology, enabling remote diagnostics.

Monday November 13 2000
Philips to acquire ADAC Laboratories in USD 426 mln transaction
Royal Philips Electronics and ADAC Laboratories announced on Monday that Philips has agreed to acquire all of ADAC Laboratories' common stock for approximately USD 426 mln, or USD 18.50 per share for each outstanding share of ADAC Laboratories' common stock. The transaction will be a cash tender offer followed by a cash merger to acquire any shares not previously tendered.

Wednesday November 1 2000
Philips: merger between Atos and Origin approved by Atos' shareholders
The merger between Atos of France and Philips' It-services subsidiary Origin of the Netherlands received final approval from Atos' shareholders at its Extraordinary Assembly, held in Paris on October 31, 2000. At the same assembly, Philips executives Messrs C. Boonstra, J. Hommen and A. Westerlaken were appointed members of Atos Origin's Supervisory Board.

Monday October 23 2000
Matt Medeiros appointed a member of Philips'GMC
Royal Philips Electronics is pleased to announce that its Supervisory Board has appointed Mr. M.T. (Matt) Medeiros (44) a member of Philips's Group Management Commitee (GMC) as of 1 november 2000. Mr. Medeiros succeeded Mr. G.J. Kleisterlee per 1 September as President and CEO of Philips Components and is based at the Philips Silicon Valley Center, Sunnyvale, USA.

Thursday October 5 2000
Philips plans direct sales of small foods
Philips Electronics (Thailand) Co is negotiating to sell its small electrical appliances through direct-sales channels next year. Four prospective distributors are being considered, including Amway (Thailand) Co, the local direct-sales market leader. The company is expected to choose all four within the next two months, assigning each one a specific product line.

Tuesday October 3 2000
Five groups create a European electrical installation site
Five big players in the electrical installation sector, the Swedish/Swiss ABB, French groups Alcatel SA, Legrand and Schneider Electric SA and Philips Lighting have teamed up to create a European web site. The site is aimed at distributors, electricians, architects and installation companies among others and will enable access to the different ranges of products available from manufacturers.

Tuesday September 26 2000
Nortel Networks integrates speech recognition from Philips Speech Processing
Nortel Networks has integrated the SpeechPearl speech recognition engine from Philips Speech Processing, a business unit of Royal Philips Electronics, with its OSCAR (Open Signal Computing and Analysis Resource) voice interaction platform for eBusiness, enabling deployment of speech-enabled directory assistance and customer care applications.

Friday September 15 2000
Philips moves parts unit to US
Philips Electronics announced on Friday that it is moving its components division from Eindhoven to Sunnyvale, California. Philips said the transfer of the division, which produces electronic and digital parts for computers, is in line with its fast growth strategy. Matt Medeiros will be the new president and CEO of the Components division, succeeding Gerard Kleisterlee, with immediate effect.

Friday September 8 2000
Philips, Microsoft join for set-top boxes
Philips and Microsoft on Friday announced they would jointly develop a range of set-top boxes based on the Microsoft TV software and Philips Nexperia-based hardware platform. The first of these Philips set-top boxes running Microsoft TV is expected to be available in 2001. Microsoft TV customers who want to deploy a Philips set-top box earlier will be offered a migration path, the companies said in a statement.

Thursday September 7 2000
Philips to buy 1.3 bn TSMC prefs
Philips Electronics intends to buy 1.3 bln new preference shares to be issued by Taiwan Semiconductor Manufacturing Co, with a total value of 13 bln twd or around EUR 471 mln, a Philips spokesman said. "We have shown our willingness to purchase the entire packet, but the subscription is also open to others",according to the spokesman, who noted the subscription period will run until the end of November.

Wednesday September 6 2000
Philips Semiconductors launches speech ICs
Philips Electronics unit Philips Semiconductors announced the launch of two advanced bipolar telephony speech integrated circuits (ICs). The TEA1098A is designed for use in line-powered telephone sets offering high-quality, hands-free operations, while the TEA1111A can perform all speech and line interface functions required in a range of speech and telephony applications, Philips Semiconductors said.

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