"An announcement on a reorganization at this unit wouldn't surprise me," said analyst Steven Vrolijk at ING Barings, who rates Philips "hold." The company said last week it will take a second-quarter, pretax charge of about 90 million euros to transfer a semiconductor production line in the US.
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Mon, Jun 25, 2001 - Page 21 News List
Philips may stop producing handsets
CUTTING COSTS The Amsterdam-based consumer-electronics maker is expected to decide the fate of its unprofitable mobile-phone unit by the end of this month
BLOOMBERG , AMSTERDAM
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