A very decent set of numbers from Philips, with both semiconductors and electronics surprising. The fourth- quarter outlook is very positive, though I am concerned about U.S. consumer spending in the holiday season, which could hurt Philips. |
I, like the whole market, thought they would go for unification. The market thinks they simply don't listen and they don't want to listen and they won't ever listen. |
We expect Dutch stocks to suffer this year due to pressure from a lower dollar. When the dollar declines, that directly comes off their profits. |