Philips, Dell Sign Technology Supply Agreement
Online staff -- Electronic News, 3/27/2002
e-insite.net
Royal Philips Electronics of Eindhoven, Netherlands, and Dell Computer Corp. today said they have signed a five-year agreement that calls for Philips to supply cathode-ray tube and flat-panel monitors, storage devices, connectivity solutions, and other components to Dell for use in computer systems.
As part of the deal, Round Rock, Texas-based Dell will become a preferred worldwide supplier to Philips of industry-standard server and data-storage products, workstations and personal computers. Dell will also market and sell Philips-brand computer peripherals, and related products.
The agreement could be worth up to $5 billion over five years based upon 25 percent year-over-year growth, the companies said. Additional financial terms were not disclosed.
The companies will also collaborate on technology planning, marketing and optical-storage standards.
"Expanding the relationship with Philips enables us to meet the technology requirements of customers across the globe," Glenn Neland, VP of worldwide procurement at Dell, said in a statement. "We believe the enhancements to our product portfolio translate to benefits in the forms of choice and value that customers look for when they make their buying decisions." |
