Philips, Dell in $5-Billion Components Deal
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Philips Electronics announced that it has formed a $5-billion preferred supplier deal to build components for Dell Computer Corp., the world’s top computer maker, giving a boost to the Dutch company’s flagging cathode-ray monitor business.
Philips will supply traditional cathode-ray and flat-panel monitors, storage devices, connectivity solutions and other components to Dell, a Philips statement said.
The Dutch company--Europe’s largest maker of consumer electronics--said the deal would add $5billion to its revenue over five years.
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