Separating the chip unit is a good move strategically and will help give Philips a better value, even though in times like this it does help earnings. Earnings were slightly disappointing, mainly at medical, while sales showed Philips is finally showing it can grow. |
The fact there is a bid is not surprising. What I wonder about is whether the level of the bid will be enough. I don't exclude a higher bid will come. |
The sentiment is terrible for technology stocks right now. We were overbought and now things are moving back to normal. |