Royal Philips Electronics NV, Europe's largest consumer electronics maker, intends to focus on making lamps, appliances and medical scanners.
So it will reduce its outlay in other businesses:
1. It plans to sell its entire stake in chipmaker Taiwan Semiconductor Manufacturing Co. by 2010. It sold 240 million American depositary receipts, equivalent to 1.2 billion common shares, yesterday. In March, it sold 887 million shares
2. It also sold its remaining 2.5 percent stake in fiber-optic parts maker JDS Uniphase Corp.
You need to find the equilibrium point between sticking to your knitting and keeping your eggs in more than one basket.
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