Philips Needs Laser Speed

Philips CEO Jan D. Timmer brooded at the podium. Despite his enthusiastic 30-minute demonstration of Philips Electronics' multimedia technology, there was tension in the hall. Shareholders at the annual meeting on May 5 in Eindhoven, The Netherlands, were not convinced Philips' future looked bright. One by one, they stood up and asked why new products were selling so slowly.

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