Underlying performance in our businesses has improved as a result of cost controls and better operating efficiencies, which is fundamental as we do not see much of an economic improvement in the near future,
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,
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.