InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,564.30
(
1.00%
)
US TECH 100
19,852.40
(
1.07%
)
Dow Jones
39,333.00
(
0.06%
)
Brent Oil
86.68
(
-0.74%
)
Bitcoin
56,545.49
(
-0.76%
)
Post# of 4311
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

SIIX

Send PM Follow Ignore
Followers 810
Posts 65047
Boards Moderated 0
Alias Born 03/30/2007

SIIX

Member Level

Re: None

Monday, 03/28/2011 8:44:17 AM

Monday, March 28, 2011 8:44:17 AM

Post# of 4311
Philips warns of loss on television business

Philips warns of $169 million loss on television business in first quarter

AMSTERDAM (AP) -- Dutch lighting and technology conglomerate Royal Philips Electronics NV has warned it expects a pretax loss of up to euro120 million ($169 million) on its television business in the first quarter.

Philips says it has been cutting inventory amid fierce price competition.

It said in a warning Monday that "resolving this is an absolute priority." Philips reports first quarter earnings April 18.

http://finance.yahoo.com/news/Philips-warns-of-loss-on-apf-784412439.html?x=0&sec=topStories&pos=9&asset=&ccode=

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up