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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62387)	3/27/2002 5:28:35 AM
From: StanX Long	Respond to of 70976

Philips stirikes $5 billion deal with Dell Wednesday March 27, 4:42 PM sg.tech.yahoo.com AMSTERDAM (Reuters) - Dutch Philips Electronics NV said on Wednesday it had entered a five-year $5 billion alliance with U.S. computer maker Dell to supply computer components to the world's largest maker of personal computers. Philips will supply cathode-ray tube and flat-panel monitors, storage devices, connectivity solutions and other components to Dell, Philips said in a statement. Dell will also become a preferred worldwide supplier to Philips of servers and other computers. Philips said the agreement could be worth up to $5 billion over the five years based on 25 percent year-on-year sales growth from the deal. The two companies will also collaborate on technology planning, marketing, and optical-storage standards. This is the third major alliance that Philips, which is struggling to turn itself around after its worst loss in 10 years in 2001, has signed in recent months. It has inked deals with AOL/Time Warner and Nike