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Philips buys China's LED maker NCW

by Staff Writers
The Hague (AFP) Dec 6, 2010
Dutch electronics giant Philips said on Monday it had bought the privately-held Chinese entertainment and LED lighting manufacturer NCW Holdings LTD.

No purchase price was given for the Hong Kong-based company, founded in 1992, and which employes 450 people at a factory on the Chinese mainland.

"NCW will further broaden our global portfolio of solutions for the entertainment market," Rudy Provoost, Chief Executive Officer of Philips Lighting, said in a company statement.

NCW will be integrated into Philips entertainment lighting business.

"NCW will add considerably to the palette of creative lighting solutions we can provide customers such as theaters, concert producers, television studios and sports events," added Provoost.




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Google opens e-book store in Kindle challenge
San Francisco (AFP) Dec 6, 2010
Internet giant Google opened an online electronic bookstore on Monday in a heavyweight entry into a booming market long dominated by Kindle-maker Amazon. Google eBookstore was being rolled out in the United States featuring the Mountain View, California-based company's massive library of digitized works online at books.google.com. "We believe it will be the world's largest e-books libra ... read more

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