Philips pulls out of the audio and video, and will produce no immediate BluRay players or more speakers. That is very unfortunate because the devices were always very good, but since Funai is acquiring the business, we will continue to receive high-quality products.
For 150 million Philips and Funai have made a deal. Just last year, the Dutch have sold their TV business to TPV in Hong Kong. Philips is also open to be from consumer electronics to move away, because they do with the LED and other divisions simply much better margins. The shares have risen following the announcement by 1.4 percent to 22.2 euros. Since April 2011, the level was not as high.