Gerard Kleisterlee
Gerard Kleisterlee
Gerard Johannes Kleisterleeis a Dutch businessman and engineer. He is the Chairman of Vodafone and former President and CEO of Philips...
fight regulation
Bureaucracy and regulation is something we need to fight in Europe.
clear joint mature position puts venture
The joint venture puts us in a clear cost-leadership position in a mature market,
asset best clearly costs focus fragile given management market remains
Focus on costs and asset management clearly remains the best course, given the fragile market conditions,
consensus decline market several weeks
We see now for several weeks already a consensus around a decline of semiconductor market year-on-year of 26 percent,
activities announced business further industry maximize pleased progress renewal scale step strengthen
While we are pleased with the progress of the Business Renewal Program, we see opportunities to further strengthen the activities and maximize shareholder value, with the step we announced today, in an industry where scale matters.
across growth half improved picked pleased quarter slower third
After a slower first half year, we are pleased to see growth across Philips has picked up in the third quarter as we improved our profitability,
delivering financial performance solid targets thanks track underlying
Thanks to solid underlying performance during the quarter, we are on track with our financial targets and delivering on our commitments.
fed fell june optimistic orders pcs people picking saw seen somewhere staying
Semiconductors are fed by PCs and telecom. In PCs we have seen a wave. Somewhere around June people were optimistic PCs would rebound. And we saw in June orders picking up. In July, they fell back because PCs are not picking up. They are staying flat,
decline market
The decline of the semiconductor market has bottomed out,
begin behind business encouraged history improved performance recent seems slump start worst
Its seems the worst slump in recent business history is behind us now, and the we begin to see the start of a new upturn in the business cycle, ... We are encouraged by the improved performance in many of our businesses, especially in semiconductors and components.
confidence consumer events major markets september tragic trend
Consumer confidence in all major markets has been slipping this year, a trend that has accelerated after the tragic events of September 11.
base cost greatly market presence realize reduced reducing
By reducing the cost base drastically we will be able to realize market presence with greatly reduced exposure,
businesses controls cost economic improved improvement near operating performance result underlying
Underlying performance in our businesses has improved as a result of cost controls and better operating efficiencies, which is fundamental as we do not see much of an economic improvement in the near future,
consumer creation lack value
There is a lack of value creation, particularly around consumer electronics,