In brief: Philips denies it will quit monitor market

Philips has denied it is exiting the PC monitor business, despite persistent rumours to the contrary.

In a statement from headquarters in Eindhoven, Holland, the company said it sees "major growth" in PC peripherals, an area it thinks will reach over $50 billion in value over a few years, and that one of the key elements in that growth is the PC monitor business.

The representative said: "Philips has a leading position in the monitor market on a global basis. Philips also manufactures the key components for this such as cathode ray tubes."

She said: "We are expanding our production capacity to meet an increasing demand."

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