I, of course, am reminded of the quote attributed to Viscount Grey on the eve of World War I:
"The lamps are going out all over Europe. We shall not see them lit again in our time"[of course -ed]
Back in the day I always felt compelled to add "the Dutch electronics giant" to "Philips Electronics".
(a quick Google search turns up 146,000 hits)
From FT Alphaville:
For Wednesday’s equity market disaster du jour we take a short hop across the North Sea to the Netherlands and Koninklijke Philips Electronics, which has unleashed an ugly profits warning that’s knocked about EUR2.5bn from its market capitalisation.
The company is pinning this latest disappointment* on weak demand in Europe for products made by its lighting division and its toasters-to-shavers consumer products business....MORE