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Still looking for deals on Philips ? Find our amazing Philips offers at our top source site today where we have compared Philips for you. ask.com About Philips{{Infobox_Company | company_name = Koninklijke Philips Electronics N.V. (Royal Philips Electronics) | company_logo = ] | company_type = [Public company ({{euronext|PHIA-->, {{nyse|PHG-->) | foundation = [] [Eindhoven| slogan = ''Sense and Simplicity'' | location = ] [Amsterdam, the [Netherlands | key_people = [Gerard Kleisterlee, CEO | products = [Consumer electronics [Domestic Appliances [Lighting [Medical systems | homepage = [http://www.philips.com/ www.philips.com] | industry = [Electronics | num_employees = 125,500 (2007)http://www.philips.nl/About/careers/Section-14235/Index.html | revenue = {{profit-->€26.976 billion (2006) http://www.philips.com/mt/ir/2006results/report | operating_income = {{profit--> €1.183 billion (2006) http://www.philips.com/mt/ir/2006results/report | net_income = {{profit-->€5.383 billion (2006) http://www.philips.com/mt/ir/2006results/report | -->Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (, ) is one of the largest [electronics] companies in the world, founded and headquartered in [the Netherlands]. In [2006], its sales were €26.976 [1000000000 (number)] http://www.philips.com/mt/ir/2006results/report and it employed 125,500 people in more than 60 countrieshttp://www.philips.com/mt/ir/2006results/report. 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 Eindhoven]. 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 bulb]s '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 [Germany] [Battle of the Netherlands] 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 [Nazism], 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 [Jew]s by indicating to the Nazis that they were indispensable for the production process at Philips In [1996], he was awarded the [Yad Vashem] reward by the [Israel] 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 recorder]s, the [Video 2000], 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 [Juristic person]. This process of "disentanglement" was completed on [1 October][2006]. 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". [ASML Holding] is a [spin-off] from a division of Philips. CEOs Past and present [Chief executive officer]s:
Aquisitions Companies acquired by Philips through the years include [Amperex], [Magnavox], [Signetics], [Mullard], [VLSI Technology, Inc], [Agilent] Healthcare Solutions Group, Marconi Medical Systems, [ADAC Labs], [ATL Ultrasound], portions of [Westinghouse Electric Corporation] 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 AG]. 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.http://www.wallstreet-online.de/nachricht/2134241.html 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 Eindhoven], as it is now known. Since the [Football World Cup 1978] in Argentina, Philips has been an official sponsor of the [FIFA World Cup] 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 (Australia)]. 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]. 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, New York]. 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 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.
In the past, Philips UK also included
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].
Poland
México
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 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." How can papers afford to give away DVDs?", news.bbc.co.uk, The [BBC], [2005-10-11]. Retrieved on [2007-07-29]. Medical systems products Healthcare Informatics
Imaging Systems
Defibrillators
Diagnostic Monitoring
Patient Monitoring
See also
Spin-Offs
References
External links General
Consumer Electronics
Semiconductors
Medical Systems
Lighting
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