Actually PHILIPS innovated much more in lighting than Lightolier could ever do, they make fixtures, Philips makes LIGHT, invented it all Car halogen, Low pressure sodium,superior LED,Xenon,for cars....without Philips Lightolier would have nothing to put in the fixtures. Philips didn't want product from Lightolier, they wanted distribution, just like when they took over Westinghouse Lamps decades ago
In the last 10 years PHG has just kept bailing on all the business lines, things they basically pioneered, tv displays, CE, audio, what has happened to Philips RESEARCH, was the world's largest private operation, creating things that changed the world, now it's a mere shell. Like Bell Labs, mismanaged and destroyed from within...kinda like the U.S.! Lighting is the core business of Philips, why bail on a div that is STILL #1 in the world? really bizarre! Philips used to do everything, now they barely do anything..ya can't keep selling off divs, there ain't nutin left to sell!
why would Philips bail on the lighting business, they STILL are the world's biggest and it makes money. Why why why, seems absolutely DUMB. they bought Genlyte for almost $3 BILLION to expand, then they bail on all of it? Huh? Why not grow some more get some Osram or some GE stuff, Maybe Philips has finally jumped the shark. they used to do everything, now they barely do anything, what kind of plan is that?
What would you say 5 years before it's all over? What does sony do that ain't done by others? they are yesterdays news. Invent nothing, Samsung and Lg have taken their playbook and made them burnt toast. If ya don't invent ya don't survive. Told ya so....At least Panasonic is doing lots of other type of industrys, like Philips, Ge, Siemens....Sony still makes some kind of video game junk?