Philips NV accompanied its annual figures – see page five – with a statement that it had no intention of selling its loss-making semiconductor or computer businesses and that it would continue to invest to build them up to the point where they become profitable: it said no part of the company beyond what had been announced was up for sale; the computer and professional electronics saw operating profits plunge 90% to $21m on sales up 4% at $8,237m, while the components businesses made a $65.6m loss against an operating profit last time of $185m on sales up 9% at $4,407m.
