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investor confidence in the firm at this stage are critical. Xiu Qi Zhang pointed out that such rights as the major share of oil fell sharply once, it will lead directly to Shanghai Composite Index hit, so that investor confidence, there will sell into the inertia weight. "From the point of view the current situation, the Shanghai Composite index has appeared distorted, investors should keep a close eye to eye index, could gradually Jiancang around 3500, stocks still have a chance to pick up and IC EL1519CS and large industries have to rely on a favorable policy Relying ." authority estimates that last year, net profit of 58 fund companies should be over 14 billion yuan. Currently, about 60% of Philips chip revenue comes from Europe, especially China. He said that some non-profit and non-core business unit will be sold. He did not give further details.

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According to Frans van Houten said the cost reduction plan in accordance with measures to improve the way Philips Semiconductors is to outsource production to other semiconductor manufacturers, it is learned in 2008 Philips Semiconductors will bring more than 30% of the business outsourcing to lower-cost countries in manufacturing operations. He said, "will continue to shift production to Asia ."

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Philips Semiconductors CEO Frans van Houten and EL1519CS Price and analysts on Thursday in an Internet video conference, said, "We plan to the end of 2006 307 million in spending cuts. "spending cuts, the production cost will be reduced by 125 million euros, followed by General and administrative expenses, 7500 million euros and R & D spending 50 million euros. But he said the company will not close any of its factories.

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