CRT competition ruling

26 November 2009

Philips has received a statement of objections from the European Commission related to an alleged violation of competition rules in the CRT industry.

Royal Philips Electronics has been involved in investigations for an alleged violation of competition rules in the Cathode-Ray Tubes, or CRT, industry. Philips has recently announced that it has received a statement of objections from the European Commission on this matter.

Philips will study the statement of objections in detail and will prepare its response. The company’s policy is to conduct business in full compliance with all applicable competition laws. Philips takes the investigations into possible violations of these laws very seriously. The company intends to continue assisting the regulatory authorities in these investigations. Philips is not in a position to predict or comment on their outcome.


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