Philips's Multimedia Makeover; Dutch Electronics Firm Escapes Crisis, but Can It Compete Globally? From: The Washington Post | Date: October 26, 1994| Author: Patrick Oster | Copyright 1994 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

Philips Electronics NV, the company that gave the world cassette tapes, fluorescent lights and other technological marvels, is no longer in crisis.

After several years of wrenching restructuring, it is poised to take on the key consumer electronics market of multimedia. But some observers wonder if Philips, after adopting all the obvious financial and management reforms, has the long-term strategy to survive against Sony Corp., Matsushita Electric Industrial Co. and other Asian powe...

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