Quotes by Gerard Kleisterlee

“2001 was tough year for Philips,”

“There is a lack of value creation, particularly around consumer electronics,”

“Consumer confidence in all major markets has been slipping this year, a trend that has accelerated after the tragic events of September 11.”

“By reducing the cost base drastically we will be able to realize market presence with greatly reduced exposure,”

“We see now for several weeks already a consensus around a decline of semiconductor market year-on-year of 26 percent,”

“The joint venture puts us in a clear cost-leadership position in a mature market,”

“After a slower first half year, we are pleased to see growth across Philips has picked up in the third quarter as we improved our profitability,”

“Thanks to solid underlying performance during the quarter, we are on track with our financial targets and delivering on our commitments.”

“Its seems the worst slump in recent business history is behind us now, and the we begin to see the start of a new upturn in the business cycle, ... We are encouraged by the improved performance in many of our businesses, especially in semiconductors and components.”

“Focus on costs and asset management clearly remains the best course, given the fragile market conditions,”