Bigger electronics giants are trying to expand in the business, too, including Siemens and Philips.

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Bridgelux faces competition from large, established players in the LED market, including Dutch giant Philips Electronics and Osram, a unit of Siemens.

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Since Bernard came on board, INDYCAR has signed on 14 new partners, including Verizon, Sunoco, Starwood Resorts, Philips, Mazda, AVIS, and its title sponsor IZOD, a Philips Van Heusen clothing brand.

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Besides consumer products and technologies, Philips also showed products for corporate users, including the new NetDisplay line of thin-client devices, which include a 15.1-inch flat panel LCD color display with a built-in processor and video core.

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Dutch electronics giant Philips is to sell off its home entertainment business, including hi-fis and DVD players, to Japan's Funai Electric.

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Berkshire also has stock investments in a myriad of major companies, including American Express (AXP), Coca-Cola (KO), Conoco-Philips (COP), Wal-Mart Stores (WMT), and Wells Fargo (WFC).

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Executives with Philips Electronics outlined strategy and gave advance demonstrations of new and upcoming peripherals, including a home networking system for consumers and thin-client products aimed at corporate users.

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The surrounding walls display Philips' latest products as they have been installed in a rotating selection of buildings, including the CN Tower in Toronto and Harrah's casino in Atlantic City, N.

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