Breaking: Philips sells off consumer electronics business for $201 million

A report from the Wall Street Journal reveals that Philips has left consumer electronics after 80 years. The Dutch multinational just sold its entire Lifestyle Entertainment business (encompassing audio, video, multimedia and accessories) to Japanese conglomerate Funai Electric Co. Philips was unable to compete with the low cost Asian manufacturers in the industry and was also impacted by the move from physical media to digital files for audio and video.

"Our consumer lifestyle business was margin dilutive to the group, so it was time to decide to move away from consumer electronics,” said Frans van Houten, Philips’s chief executive.

“Since we have online entertainment, people do not buy Blu-ray and DVD players anymore,” Mr. Van Houten added. Philips will continue its other industrial businesses as well as in lighting products where it is considered one of the leading companies.

Source: WSJ

Review: Amazon Kindle Touch 3G

Text and photos by Gadjo Cardenas Sevilla 

Amazon's Kindle Touch 3G  is selling for $189.99, goes back to basics by focusing on its greatest strengths as an eBook reader. Now with an improved E ink multi-touch screen and built-in global 3G data connectivity available in 172 countries, this is definitely the Kindle designed to take over the world. 

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Lenovo and SugarSync offer 5GB free storage, open device access and secure hosting

Lenovo and SugarSync today announced Lenovo Cloud Storage by SugarSync, the first cloud storage service to be integrated as an out-of-box experience based on Lenovo’s PCs and tablets. This industry-leading cloud service will provide consumers with the ability to access, sync and backup their files, photos, music and movies across their devices.

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Motoring: 100,600 early model Priuses recalled due to steering issues

Toyota has recalled 106,000 early model Priuses globally due to possible issues with steering columns.The latest recall from Toyota, Which has taken to hit the ITS reputation from massive recalls worldwide, Affects 48.000 hybrid Prius vehicles in Japan, starting with the first Prius models That Went on sale in 1997, and Those manufactured through 2003. 58.000 vehicles sold abroad, Including 52.000 Prius cars sold from 2001 through 2003 in the U.S., SOME 1.200 in Great Britain, and 800 in Germany, company spokesman Paul Nolasco said.

Source: The Washington Post