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Philips Completes Merger of Mobile Display Systems with Toppoly

Jun 7 2006

Royal Philips Electronics has announced that it has completed the merger of Philips Mobile Display Systems with Toppoly Optoelectronics Corporation of Taiwan to form a leading mobile display company. The company is named TPO and it’s principal shareholders are Compal Electronics Inc. (of Taiwan): 25.1% and Philips: 17.5%.

As a result of the completion, Philips will take a EUR 28 million (pre-tax) positive result in Q2 2006, which will be reported as income from ‘discontinued operations’.

http://www.philips.com

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