Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Koninklijke Philips (PHPE)

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Wednesday 03 May, 2000

Koninklijke Philips


Koninklijke Philips Electronics NV
3 May 2000


EINDHOVEN, THE NETHERLANDS, May 3, 2000 - Philips Components, a division of
Royal Philips Electronics of the Netherlands, today announced it intends to sell
its Discrete and Ferrites Ceramics business lines. A preliminary agreement has
been reached between Philips and Yageo Corporation. The transaction is valued at
EUR 650 million.

The business line Discrete Ceramics is a well-positioned, mid-sized player in
multi-layer capacitors (CMCs) and chip resistors (R-SMDs). These products are
used in all areas of electronic equipment manufacturing. In 1999 the business
line had annual sales of EUR 235 million and expects a double-digit growth for
this year.

The business line Ferrite Ceramics is a pioneer of the ferrite ceramics industry
with a track record of almost 50 years. It designs, produces and 
sells soft ferrites for a wide range of applications in the electronics
industries. With annual sales of nearly EUR 100 million, the business line is
well-positioned within the global industry.

Both business lines employ approximately 3,200 people within facilities in
Germany, Spain, the Netherlands, Poland, Taiwan, Mexico, Hungary, Malaysia,
United States and sales organizations all over the world. The proposed
transaction encompasses virtually all activities and employees including senior

This intended divestment results from the strategy that Philips Components has
previously announced. In a step by step approach Philips Components has been
putting focus on specific market segments that demand integrated digital
solutions based on Philips' key technologies. The divestment of Discrete and
Ferrite Ceramics follows previous divestments, which have included hard ferrites
in 1997 and conventional passive components in 1999.

Yageo Corporation based in Taipei, Taiwan was founded 23 years ago and supplies
passive components to the computer, telecom and automotive industries. Today
Yageo Corporation is Taiwan's largest producer of passive components and employs
approximately 5,000 people all around the world.

Commenting on this divestment Gerard Kleisterlee, President and CEO of Philips
Components, said: 'In order to be the technology partner of choice for leading
global OEMs we focus on creating value for our customers by providing integrated
digital electronic solutions rather than base components.' To this he added: ' I
am very pleased that we have been able to reach agreement with Yageo
Corporation, a company which has demonstrated its strong commitment to the
passive components industry already for a long time. I strongly believe that the
future of our Discrete and Ferrite Ceramics business lines will be considerably
strengthened by this spin-off.'

Philips and Yageo Corporation expect to close the proposed transaction later
this year.

For further information please contact: 

Philips Components
Corporate Communications Department
Mr. Pieter Schaffels
Tel: +31 40 2724440

Philips Components, headquartered in Eindhoven, the Netherlands, is a world
leader in supplying integrated digital electronic solutions in the areas of
display, storage and power management to global customers in the Consumer
Electronics, EDP, Telecom and Automotive industries. Philips Components with
1999 annual revenue of EURO 5.3 billion employs more than 40,000 people in over
40 countries around the world. More information about Philips Components is
available through the Philips homepage as

Royal Philips Electronics of the Netherlands is one of the world's biggest
electronics companies and Europe's largest, with sales of EUR 31.5 billion in
1999. It is a global leader in color television sets, lighting, electric
shavers, color picture tubes for televisions and monitors, and one-chip TV
products. Its 226,900 employees in more than 60 countries are active in the
areas of lighting, consumer electronics, domestic appliances, components,
semiconductors, medical systems, and IT services (Origin). Philips is quoted on
the NYSE (symbol:PHG), London, Frankfurt, Amsterdam and other stock exchanges.
News from Philips is located at


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