View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 13, 1997updated 05 Sep 2016 12:52pm


By CBR Staff Writer

Computer services major Origin NV, 82% owned by Philips Electronics NV is one of the many still underperforming assets in the Philips portfolio, losing the equivalent of $52m on its operations last year. It insists that it will see a strong increase in income from operations in 1997, despite further merger-related costs. The total net loss was $57.6m as a result of the costs arising from the merger of BSO/Origin into Philips Communications & Processing. Sales rose 25.9% to $1.29bn. We have made significant progress in bringing together two very different but complementary organizations, Origin chief executive Tom Butler said. Above average growth and profits are the 1997 goal.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.