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Koninklijke Philips Electronics N.V. (Royal Philips Electronics)
Public (Euronext: PHIA, NYSE: PHG)
Founded1891 Eindhoven
Headquarters Amsterdam, the Netherlands
Key peopleGerard Kleisterlee, CEO
IndustryElectronics
ProductsConsumer electronics
Domestic Appliances
Lighting
Medical systems
Revenue€26.976 billion (2006)[1]
Operating income €1.183 billion (2006)[2]
Net income€5.383 billion (2006)[3]
Employees125,500 (2007)[4]
SloganSense and Simplicity
Websitewww.philips.com
Enlarge picture
Philips HQ in Amsterdam
Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (Euronext: PHIA, NYSE: PHG) is one of the largest electronics companies in the world, founded and headquartered in the Netherlands. In 2006, its sales were €26.976 billion[5] and it employed 125,500 people in more than 60 countries[6]. Philips is organized in a number of divisions: Philips Consumer Electronics, Philips Lighting, Philips Medical Systems and Philips Domestic Appliances and Personal Care. Philips is the main sponsor of football club PSV.

History

The company was founded in 1891 by Gerard Philips, a maternal cousin of Karl Marx, in Eindhoven, the Netherlands. Its first products were light bulbs 'and other electrotechnical equipment'. Its first factory remains as a museum. In the 1920s, the company started to manufacture other products, such as vacuum tubes, In 1927 they acquired the British vacuum tube manufacturers Mullard and in 1932 the German tube manufacturer Valvo, both of which became subsidiaries. In 1939 they introduced their electric razor, the Philishave (marketed in the USA using the Norelco brand name).

World War II

On May 9, 1940, the Philips directors were informed about the German invasion of the Netherlands to take place on May 10. They decided to leave the country and flee to the United States, taking a large amount of the company capital with them. Operating from the US as the North American Philips Company, they managed to run the company throughout the war. At the same time, the company itself was moved to the Netherlands Antilles (on paper) to keep it out of German hands.

It is also believed that Philips - both before and during the war - supplied enormous amounts of electric equipment to the German occupation forces, which has led some people to think that the company collaborated with the Nazis, like many other firms in their day. However, there is no evidence to suggest that Philips itself or its management ever sympathized with the Nazis or their ideologies. The only Philips family member who did not leave the country, Frits Philips, saved the lives of 382 Jews by indicating to the Nazis that they were indispensable for the production process at Philips[7]. In 1996, he was awarded the Yad Vashem reward by the Israeli ambassador for his actions. There is little Philips could have done to prevent the Germans from abusing their production facilities and forcing their employees to perform slave labor during the occupation. The production facility in Eindhoven was the only Dutch industrial target that was deliberately bombed by the allied forces during the war.

Postwar era

After the war the company was moved back to the Netherlands, with their headquarters in Eindhoven. Many secret research facilities had been locked and successfully hidden from the invaders, which allowed the company to get up to speed again quickly after the war.

Philips introduced the compact audio cassette tape in 1963 and was wildly successful, though its attempt to set a standard for video cassette recorders, the V2000, was unsuccessful in the face of competition from the Betamax and especially VHS standards.

In 1982, Philips developed the Compact Disc in partnership with Sony.

In 1991, the company's name was changed from N.V. Philips Gloeilampenfabrieken to Philips Electronics N.V. At the same time, North American Philips was formally dissolved, and a new corporate division was formed in the U.S. with the name Philips Electronics North America Corp.

In 1997 the decision was made to move to Amsterdam, along with the corporate name change to Koninklijke Philips Electronics N.V. The move was completed in 2001. Initially, the company was housed in the Rembrandt tower, but in 2002 they moved again, this time to the Breitner tower. In a sense, the move to Amsterdam can be considered a return to the company's roots, because Gerard Philips lived in Amsterdam when he came up with the idea of building a light bulb factory. He also conducted his first experiments in the field of mass production of light bulbs there, together with Jan Reesse. Philips Lighting, Philips Research, Philips Semiconductors (spun off as NXP in September 2006) and Philips Design, are still based in Eindhoven. Philips Medical is headquartered in Andover, Massachusetts, United States (since moving from Best, Netherlands in 2002).

Sale of Semiconductors

As a chip maker, Philips Semiconductors was among the Worldwide Top 20 Semiconductor Sales Leaders.

In December 2005, Philips announced its intention to make the Semiconductor Division into a separate legal entity. This process of "disentanglement" was completed on 1 October2006.

On 2 August 2006, Philips completed an agreement to sell a controlling 80.1% stake in Philips Semiconductors to a consortium of private equity investors consisting of Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners and AlpInvest Partners. The sale completed a process, which began December 2005, with its decision to create a separate legal entity for Semiconductors and to pursue all strategic options. Six weeks before, ahead of its online dialogue, through a letter to 8,000 of Philips managers, it was announced that they were speeding up the transformation of Semiconductors into a stand-alone entity with majority ownership by a third party. It was stated then that "this is much more than just a transaction: it is probably the most significant milestone on a long journey of change for Philips and the beginning of a new chapter for every one – especially those involved with Semiconductors".

In its more than 115 year history, this counts as a big step that is definitely changing the profile of the company. Philips was one of few companies that successfully made the transition from the electrical world of the 19th century into the electronic age, starting its semiconductor activity in 1953 and building it into a global top 10 player in its industry. As such, Semiconductors was at the heart of many innovations in Philips over the past 50 years.

Agreeing to start a process that would ultimately lead to the decision to sell the Semiconductor Division therefore was one of the toughest decisions that the Board of Management ever had to make.

On 21 August 2006, Bain Capital and Apax Partners announced that they had signed definitive commitments to join the expanded consortium headed by KKR that is to acquire the controlling stake in the Semiconductors Division.

On 1 September 2006, it was announced in Berlin that the name of the new semiconductor company founded by Philips is NXP Semiconductors.

Coinciding with the sale of the Semiconductor Division, Philips also announced that they would drop the word 'Electronics' from the company name, thus becoming simply Koninklijke Philips N.V. (Royal Philips N.V.).

Corporate affairs

In 2004, Philips abandoned the slogan "Let's make things better" in favour of a new one: "Sense and Simplicity".

ASM Lithography is a spin-off from a division of Philips.

CEOs

Past and present CEOs:

Aquisitions

Companies acquired by Philips through the years include Amperex, Magnavox, Signetics, Mullard, VLSI, Agilent Healthcare Solutions Group, Marconi Medical Systems, ADAC Labs, ATL Ultrasound, portions of Westinghouse and the consumer electronics operations of Philco and Sylvania. Philips abandoned the Sylvania trademark which is now owned by SLI (Sylvania Lighting International) except in Australia, Canada, Mexico, New Zealand, Puerto Rico and the USA where it's owned by the Osram unit of Siemens. Philips also owns a 96.5% share in the light-emitting diode manufacturer Lumileds. In 2006 Philips bought out the company Lifeline Systems headquartered in Framingham, Massachusetts. In 2007 Philips acquired the company Ximis, Inc. headquartered in El Paso, TX for their Medical Informatics Division.[8]

Sponsorships and naming rights

Philips sponsors the Philips Monsters of Rock festival in many countries.

In 1913, to celebrate the Dutch 100 years of independence from France, Philips founded a sports club for its employees. The club was called Philips Sport Vereniging, or PSV, as it is now known.

Since the Football World Cup 1978 in Argentina, Philips has been an official sponsor of the FIFA World Cup[9]

Philips also owns the naming rights to Philips Arena in Atlanta and to the Philips Championship the premier basketball league in Australia, which is traditionally known as the National Basketball League.

Worldwide presence

Philips also used to sell major household appliances (whitegoods) under the name Philips. After selling the Major Domestic Appliances division to Whirlpool Corporation it changed via Philips Whirlpool and Whirlpool Philips to Whirlpool only. Whirlpool bought a 53% stake in Philips' major appliance operations to form Whirlpool International. Whirlpool bought Philips' remaining interest in Whirlpool International in 1991.

United States

Philips' American headquarters is Philips Electronics North America Corporation, 1251 Avenue of the Americas, New York City, New York.[1] Official website in the US.

Philips Lighting has its corporate office in Somerset, New Jersey

with manufacturing plants in: distribution centers in: Philips Medical Systems (PMS) is headquartered in Andover, Massachusetts. The North American sales organisation is based in Bothell, Washington. There are also manufacturing facilities in Andover, Bothell, Cleveland, and Milpitas.

Philips Domestic Appliances and Personal Care Company has its corporate office in Stamford, Connecticut.

Philips Research has a laboratory in Briarcliff Manor, NY.

Australia

Philips in Australia has its headquarters in Sydney, New South Wales. The company employs over 400 people nationwide.
Regional offices are located in Melbourne, Brisbane, Adelaide and Perth.
IT services are provided by P-GIS (CAS, CIS & BTS).

Current operating divisions/activities include;
  • Philips Medical Systems (also responsible for New Zealand operations)
  • Philips Consumer Electronics
  • Philips Lighting (also responsible for New Zealand operations)
  • Philips Dictation Systems
Philips Australia was founded in 1927 and has been involved in many activities over the years, esp manufacturing.
Today it is essentially a sales and support office.

As a result of Project LION (divestment of semiconductors), Australia's ranking rises from 43rd in the Philips world in terms of turnover to 18th.

United Kingdom

Philips UK has its headquarters in Guildford, Surrey. The company employs over 2500 people nationwide. Here is a directions Map to Philips UK.
  • Philips Applied Technology, Redhill, Surrey develops new products and sub-systems including digital TV and communication technologies.
  • Philips Business Communications, Cambridge offers voice and data communications products, specialising in Customer Relationship Management (CRM) applications, IP Telephony, data networking, voice processing, command and control systems and cordless and mobile telephony.
  • Philips Consumer Products, Guildford provides sales and marketing for televisions, including High Definition televisions, DVD recorders, hi-fi and portable audio, CD recorders, PC peripherals, cordless telephones, home and kitchen appliances, personal care (shavers, hair dryers, body beauty and oral hygiene ).
  • Philips Dictation Systems, Colchester, Essex.
  • Philips Lighting: sales from Guildford and manufacture in Hamilton, Lanarkshire.
  • Philips Medical Systems, Reigate, Surrey. Sales and technical support for X-ray, ultrasound, nuclear medicine, patient monitoring, magnetic resonance, computed tomography, and resuscitation products.
  • Philips Research Laboratories, Redhill, Surrey. Originally these were the Mullard Research Laboratories.
  • Philips Semiconductors, Hazel Grove, Stockport, Cheshire and Southampton, Hampshire, both also earlier part of Mullard. These now become part of NXP.
In the past, Philips UK also included
  • Mullard Equipment Limited (MEL) which produced products for the military
  • Consumer product manufacturing in Croydon
  • London Carriers, logistics and transport division.
  • Pye Telecommunications Ltd of Cambridge
  • TMC Limited of Malmesbury

India

Philips started operations in India at Kolkata (Calcutta) in 1930 under the name Philips Electrical Co. (India) Pvt Ltd, comprising a staff of 75. It was a sales outlet for Philips lamps imported from overseas.

In 1938 ,Philips India set up its first Indian lamp-manufacturing factory in Kolkata. After the Second World War in 1948, Philips started manufacturing radios in Kolkata. In 1959, a second radio factory is established near Pune.
  • In 1957, the company is converted into a public limited company, renamed "Philips India Ltd".
  • In 1965 on 3rd April, the millionth Philips radio is manufactured in India.
  • In 1970 a new consumer electronics factory is started in Pimpri near Pune. (This factory is now closed. It was closed in 2006.)
  • In 1982, Philips brought colour television transmission to India with the supply of four outdoor broadcast vans to DD National during the IX Asian Games.
  • In 1996, the Philips Software Centre was established in Bangalore.

Poland

  • European financial and accounting centre: Łódź
  • Philips Lighting: Pabianice, Piła

México

  • The Philips Mexicana SA de CV corporate office is based in Mexico City
There several manufacturing plants in Mexico, some are:

Philips Lighting in: Philips Consumer Electronics in: Philios Domestic Appliances used to be manufactured in a large factory in Industrial Vallejo sector of Mexico City but was closed in 2003-2004.

Major consumer electronics products

Enlarge picture
Philips Videopac G7000


In 1951, Philips introduced the Philishave two-headed rotary shaver, marketed in the USA under the Norelco name.

In 1963, Philips introduced the Compact Cassette.

In 1978, Philips introduced the laserdisc player, using technology invented in the 1960s.

In 1979, Philips introduced the Video 2000-system: a technically superior design, but a commercial failure.

In 1982, Philips launched the Compact Disc in partnership with Sony.

In 1991, Philips introduced the CD-i, the Compact Disc Interactive system which had many video-game console-type features.

In 1992, Philips launched the ill-fated Digital Compact Cassette format.

In 2001, Philips successfully launched the Senseo coffeemaker, first in the Netherlands and from 2002 onwards, in other countries across Europe. It produces coffee by brewing from custom-made pads containing coffee grounds. The original Senseo pads are produced by Douwe Egberts. The Senseo has been available in the US since 2004.

The company receives a royalty on every DVD manufactured.[10]

Medical systems products

Healthcare Informatics

  • iSite PACS
  • ViewForum
  • Xcelera

Imaging Systems

Defibrillators

  • Equipment
  • Software
  • Accessories

Diagnostic Monitoring

  • Diagnostic ECG

Patient Monitoring

  • Multi-Measurement Servers
  • Anesthetic Gas Monitoring
  • Blood Pressure
  • Capnography
  • ECG
  • Hemodynamic
  • Neurological
  • Pulse Oximetry
  • Temperature
  • Transcutaneous Gases
  • Ventilation
  • Clinical Information Systems (OB TraceVue, CompuRecord, CareVue Chart)

See also

Spin-Offs

References

1. ^ [2]
2. ^ [3]
3. ^ [4]
4. ^ [5]
5. ^ [6]
6. ^ [7]
7. ^ [8]br> 8. ^ [9]
9. ^ [10]
10. ^ "How can papers afford to give away DVDs?", news.bbc.co.uk, The BBC, 2005-10-11. Retrieved on 2007-07-29.

External links

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General

Consumer Electronics

Semiconductors

Medical Systems

Lighting

 •  • [ e]
AEX companies of the Netherlands
A public company usually refers to a company that is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange.
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Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services.
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New York Stock Exchange (NYSE), nicknamed the "Big Board", is a New York City-based stock exchange. It is the largest stock exchange in the world by dollar volume and, with 2,764 listed securities[1], has the second most securities of all stock exchanges.
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18th century - 19th century - 20th century
1860s  1870s  1880s  - 1890s -  1900s  1910s  1920s
1888 1889 1890 - 1891 - 1892 1893 1894

:
Subjects:     Archaeology - Architecture -
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Eindhoven

Flag
Coat of arms

Country Netherlands
Province North Brabant
Government
 - Mayor G.
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Amsterdam
Canal houses alongside the Prinsengracht

Flag
Coat of arms
Nickname: Mokum
Motto: Heldhaftig, Vastberaden, Barmhartig
(Valiant, Determined, Compassionate)
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Motto
"Je maintiendrai"   (French)
"Ik zal handhaven"   (Dutch)
"I shall stand fast"1
Anthem
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Gerard Kleisterlee is the current President and Chief Executive Officer of Philips and Chairman of the Board of Management and the Group Management Committee.

He was born in Germany in 1946 to a Dutch & German couple and was raised in the Netherlands.
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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Electronics is the study of the flow of charge through various materials and devices such as, semiconductors, resistors, inductors, capacitors, nano-structures, and vacuum tubes. All applications of electronics involve the transmission of power and possibly information.
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Aspinwall Classification System (Leo Aspinwall, 1958) classifies and rates products based on five variables:
  1. Replacement rate (How frequently is the product repurchased?)
  2. Gross margin (How much profit is obtained from each product?)

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Consumer electronics include electronic equipment intended for everyday use. Consumer electronics are most often used in entertainment, communications and office productivity.
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A major appliance is usually defined as a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, food preservation, or cleaning, whether in a household, institutional, commercial or industrial setting.
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Not to be confused with lightning.
Lighting includes both artificial light sources such as lamps and natural illumination of interiors from daylight.
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Revenue is a business term for the amount of money that a company receives from its activities in a given period, mostly from sales of products and/or services to customers.
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In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1]

EBIT = Operating Revenue – Operating Expenses + Non-operating Income
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Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. Net income can be distributed among holders of common stock as a dividend or held by the firm as retained earnings.
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Employment is a contract between two parties, one being the employer and the other being the employee. An employee may be defined as: "A person in the service of another under any contract of hire, express or implied, oral or written, where the employer has
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A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose.

Slogans vary from the written and the visual to the chanted and the vulgar.
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A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN.
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Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services.
..... Click the link for more information.
New York Stock Exchange (NYSE), nicknamed the "Big Board", is a New York City-based stock exchange. It is the largest stock exchange in the world by dollar volume and, with 2,764 listed securities[1], has the second most securities of all stock exchanges.
..... Click the link for more information.
Electronics is the study of the flow of charge through various materials and devices such as, semiconductors, resistors, inductors, capacitors, nano-structures, and vacuum tubes. All applications of electronics involve the transmission of power and possibly information.
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Motto
"Je maintiendrai"   (French)
"Ik zal handhaven"   (Dutch)
"I shall stand fast"1
Anthem
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20th century - 21st century - 22nd century
1970s  1980s  1990s  - 2000s -  2010s  2020s  2030s
2003 2004 2005 - 2006 - 2007 2008 2009

2006 by topic:
News by month
Jan - Feb - Mar - Apr - May - Jun
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1,000,000,000 (alternately known as one thousand million and one billion, see below) is the natural number following 999,999,999 and preceding 1,000,000,001.

In scientific notation, it is written as 109.
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Philips Consumer Electronics

Private
Founded 1891
Headquarters Amsterdam, the Netherlands

Key people Gerard Kleisterlee, CEO
Industry Electronics
Products Consumer Electronics
Revenue € 10.
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PSV

Full name Philips Sport Vereniging NV
Nickname(s) Boeren (Peasants)
Rood-witten (Red-whites)
Founded August 31, 1913
Ground Philips Stadion
Eindhoven
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18th century - 19th century - 20th century
1860s  1870s  1880s  - 1890s -  1900s  1910s  1920s
1888 1889 1890 - 1891 - 1892 1893 1894

:
Subjects:     Archaeology - Architecture -
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Gerard Leonard Frederik Philips (Zaltbommel October 9, 1858 - Den Haag january 25, 1942) was a Dutch industrialist and cofounder (with his brother, Anton Philips) and first CEO of the NV Philips' Gloeilampenfabrieken.

His father, B.F.D.
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