Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp To Produce New Backlight-free LCD Panel For Wearables
New Cameras Boost GoPro's Quarterly Profit
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
YouTube Now Supports 60fps Videos
Samsung Brings Gear S to U.S. Next Week
Corsair Introduces Sabre RGB Mice For Gamers
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Apple's Tim Cook Declares His Sexual Orientation
Active Discussions
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Questions durability monitor LCD
 Home > News > PC Parts > Philips...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 08, 2008
Philips to Transfer Its PC Monitors Business to TPV Technology


Royal Philips Electronics has reached an agreement with TPV Technology Limited. on key terms and conditions of a brand licensing agreement under which Philips will transfer its PC monitors business, IT Displays, to TPV.

This is in line with Philips? steps to improve the profitability levels at its Television business, of which the IT Displays unit forms part.

Under the terms of this agreement, TPV, the largest producer of PC monitors worldwide, will assume responsibility for sourcing, distribution, marketing and sales of all Philips? IT Displays activities worldwide. As part of the intended brand licensing agreement, TPV can exclusively use the Philips brand name for PC monitors worldwide, in exchange for which Philips will receive revenue-based royalty payments. Philips IT Displays sales amounted to approximately EUR 600 million in 2007. Completion of this intended transaction, which is expected in the course of 2008, is subject to applicable regulatory approvals and the fulfillment of specific closing conditions.

In April of this year, Philips already announced it would transfer its consumer television operations in North America, while at the same time it said it would take steps to further optimize its global supply base in TV.


Previous
Next
PS3 System Software Update v2.41        All News        OCZ Introduces DDR3 Laptop Memory for High-End Mobile Systems
Gigabyte M912V Netbook with 8.9" touch swivel panel     PC Parts News      OCZ Introduces DDR3 Laptop Memory for High-End Mobile Systems

Get RSS feed Easy Print E-Mail this Message

Related News
Philips 272G5DYEB 27-Inch G-SYNC Monitor launching Soon
Philips to Appeal $467 Million Patent Infringement Lawsuit
Philips Expands Its Series Of Ultra HD TVs Powered by Android
New Philips Hue Beyond Combines Functionality And Ambient Lighting for Home
Philips to Create New Lumileds and Automotive Lighting Businesses Company
Philips and Salesforce.com To Deliver Cloud-based Healthcare Information Technology
EU To Fine Philips, Infineon And Samsung
Philips to Sell WOOX Innovations to Gibson
Philips Announces Its 2014 TV Lineup
MWC: Philips and Ericsson Unite On Smart Street Lighting
Philips Lighting System Guides You Through The Supermarket
Philips to transfer Remaining Stake in TV Joint Venture to TPV

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .