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Short Take: Philips expects huge digital gains

Philips Consumer Electronics predicts the industrywide net value of digital video products will double to $22 billion by 2000 as consumers migrate from analog to digital technologies. The world's third largest consumer electronics company said that sales of DVD and digital television will help boost digital products' share of the consumer electronics industry from 10 percent to 20 percent in 2000.

    Philips Consumer Electronics predicts the industrywide net value of digital video products will double to $22 billion by 2000 as consumers migrate from analog to digital technologies. The world's third largest consumer electronics company said that sales of DVD and digital television will help boost digital products' share of the consumer electronics industry from 10 percent to 20 percent in 2000.