Dennis Nicholls
Senior HTF Member
Philips is getting completely out of the HT business, selling its speaker, DVD, and other remaining brands to Funai. Funai will sell Philips-branded gear for several years under the terms of the deal. http://news.cnet.com/8301-1023_3-57566380-93/philips-sells-consumer-business-to-funai-for-$202-million/ This story includes the press release: http://www.engadget.com/2013/01/29/philips-sells-entertainment-division-to-funai/ Philips had previously sold its television line to Funai back in 2008 http://www.funai.us/topics/2008/080409.html