TVs

As TV Sales Lag, Philips Tunes Into Healthcare

Earlier this week, Royal Philips Electronics warned that its television business would post a first-quarter loss. While TV sales have declined, the company says it sees a growing opportunity in healthcare. Greg Sebasky, CEO of Philips's North American operations, discusses the trends driving the growth -- and the challenges ahead.

Sharp to Cut LCD Production for Two Months

Japanese electronics company Sharp Corp (SHCAY) will cut its production of LCD panels as TV inventories piled up in China and the United States. The company will reduce capacity utilization at its Sakai factory by 20%-30% for as long as two months, Reuters said, citing a report in the Japanese press. The factory makes panels of 40 inches and larger.