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

To: StanX Long who wrote (62415)	3/28/2002 12:39:54 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

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."