Philips has announced that it has agreed to sell its audio and video business to Funai Electric Co. Philips has made audio and video items such as home theaterspeakers, smart phone docking stations, and other products for a number of years. Philips says that it is selling off that portion of its business to allow it to focus on more profitable home appliances and health care operations.
Philips CEO Frans van Houten said that the A/V business was shrinking and becoming "margin dilutive" even though the segment was profitable last year. The company plans to focus on appliances such as shavers, toasters, juicers, and coffeemakers.
Analysts were glad to hear about the deal saying that it was an important investment for the company. Philips also says that shedding the two business segments will complete its repositioning away from consumer electronics.
Philips Brooks said that “character may be manifested in the great moments, but it is made in the small ones.”
Hardship, temptation and tragedy will come into your life one day. Trials and temptations will come your way one day. But you can take steps now to be prepared. There will come a time when temptations will threaten to pull in the wrong direction. Will you be able to stand when that day of testing comes? Tha ... Source: WNDFull article at: WND6 days ago, 6:29pm CDT
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