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Philips dumps plan to enter navigation device market

Posted: 07 Dec 2006  Print Version  Bookmark and Share Subscribe

Keywords: Philips Electronics  personal navigation system 

[Summary of tips] Philips Electronics is mothballing plans to manufacture mobile personal navigation systems, according to a Reuters report.Rudy Provoost, CEO of the company's consumer electronics unit, said that the company would not enter the market, citing existing competition and the low profitability of releasing a new product in the alread......
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