Philips Expects Slower Demand To Hurt SalesPhilips
Electronics NV warned that weaker-than-expected demand is hampering
growth at its consumer-electronics businesses, potentially signaling concerns
for the broader industry.
The Dutch company said the lower demand for its consumer-electronics products and its domestic appliances may have an impact on second-quarter sales. The announcement sparked a decline in Philips shares, which slumped 5.4% to €21.32 each at the close in Amsterdam yesterday. Posted: Wed - June 15, 2005 at 08:09 PM |
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Total entries in this category: Published On: Sep 13, 2005 07:21 PM |
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