16
Jul
2009
DigiTimes: In order to improve its TV business, Philips plans to take a restructuring charge of 40 million euros in the third quarter of 2009, according to the company.
The company has been reorganizing its TV business over the last year, divesting itself from the North American market and seeing its TV related sales drop 54.57% on year to 587 million euros in the second quarter of 2009.
As part of its makeover in the display market, the branding licensing agreement between Philips and TPV for monitors came into effect on June 1, 2009.
Overall, Philips’ second quarter sales of 5.23 billion euros were down 19% on year. Net income totaled 45 million euro in the second quarter, down 93.88% from 735 million euros for the first quarter.
Philips’ comments came after European Commission competition regulators sent it a “statement of objections” to formally outline their suspicions.
The unique aspect ratio results in a complete absence of horizontal black bars without distorting the image found in movies that are shot in the widescreen format.

Yes it really is that small, sized at around 1.6 inches across, but still with room for an even smaller OLED colour screen for displaying tiny album sleeves you’ll barely be able to make out or even some track details for the truly eagle-eyed.
