This entry was posted on Monday, November 10th, 2008 at 1:44 pm and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
GE & RCA Phones (Thomson SA) exiting North America
It’s another sign of the times. Announced last week, Thomson SA (the company behind the GE and RCA branded corded and cordless phones) will be shutting down it’s U.S. retail telephone unit. Though GE Phones are typically thought of as the “discount phone”, they have produced some genuine innovations in 2008 and it’ll be sorry to see them leave the market. Despite a drop in overall sales, the RCA 2-Line DECT 6.0 25250RE1 continues to be a popular 2-line cordless phone. Look for Uniden, Panasonic and others to scramble to grab whatever market share they can with this departure.
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PARIS, Nov 5 (Reuters) - French media technology group Thomson SA said on Wednesday that it would close its loss-making retail telephone business in North America in a bid to bolster profitability.
The business, which is part of Thomson Grass Valley unit, and sells mainly DECT telephones to retailers in North America, will be shut down.
“We have started a process under which this business in North America will be halted,” a company spokeswoman said.
The North American retail telephony business had around 135 million euros in revenue in 2008, down 18 percent from 2007 and is expected to show an operating loss of over 20 million euros in the current year, the statement said.
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