ChinaElectronicsCorporation
Latest
Philips handsets reborn in Europe with Philips 192, we're underwhelmed
Philips handsets have melted away in Europe in recent years and while the Chinese owners of the brand -- with market rights until 2011 -- have carried on with Xenium in Asia, Euro types have seen nothing. All that is changing with the release of the Philips 192, a completely lackluster dual-band GSM effort with a 65k color display, 10-day standby life, and an expected retail price of €40 -- roughly $60 -- when it lands in Portugal. Way to go Philips, nothing like blowing the barn doors off with mad tech to get people excited.
Philips pulls a Siemens, sells phone biz to Asian firm
Offloading unprofitable mobile phone businesses seems to be all the rage in Europe as of late, with Philips now announcing that they'll be transferring their operations to a firm going by "CEC" -- or China Electronics Corporation, if you're into longhand. Philips isn't exactly a household name for cellphones here in the States, but they take in about €400 million (about a half billion USD) annually across the globe, so the deal is no small one. Similar to Siemens' agreement with BenQ, CEC will be given a license to use the Philips name on its phones for the next five years, at which point they'll have to go it alone (if they make it that long). Assuming all the usual regulatory stuff pans out, the money is expected to change hands before the year's out.[Via Geekzone]
