Short Take: Philips, Lucent end cellular marriage
Philips Electronics said it will end its cellular telecommunications joint venture with Lucent Technologies, Dow Jones Newswires reported. The companies said they agreed in late September to end the venture, dubbed Philips Consumer Communications, which was established in October 1997. Philips said it will take a fourth-quarter restructuring charge for its share of the venture, according to Dow Jones.
said it will end
its cellular telecommunications joint venture with Lucent Technologies, Dow Jones
Newswires reported. The companies said they agreed in late September to
end the venture, dubbed Philips Consumer Communications, which was
established in October 1997. Philips said it will take a fourth-quarter
restructuring
charge for its share of the venture, according to Dow Jones.