Morrisons' chief executive Dalton Philips said that his company was not getting over its points of difference - its skilled butchers, bakers and fishmongers.
The comedian Emo Philips said that he thought his brain was the most fascinating organ in his body until he realized who was telling him this.
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"The sustained pressure on consumer spending was reflected in our like-for-like sales performance, which was not as good as it should have been, " Mr Philips said.
Philips said weak construction activity was hurting its lighting division, though LED light sales were up 38 percent as the new technology continues to replace traditional incandescent bulbs.
Philips officials said that they expect the line to be popular with financial institutions and other industries that have transaction-based applications.
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"With this transaction we are taking another step in reshaping the Consumer Lifestyle portfolio and transforming Philips into the leading technology company in Health and Well-being, " said Philips Chief Executive Officer Frans van Houten.
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"I think we are seeing a large amount of the top-quality Russian art going back to Russia, " said Philips, although in most cases it has been paintings.
Philips' Van Schooten said that initially, prices of its LED tubes will still be higher than fluorescent lights.
Acuity Brands' Hand said that Philips' 10-year view may even be pessimistic.
"Other leading competition authorities, including the Korean Fair Trade Commission, the US Department of Justice and the Canadian Competition Bureau have investigated the same facts and concluded that LG Electronics should not be held liable for the conduct of LG Philips Displays, " said John Kwon, executive vice president of LG Electronics.
"The development of our quarterly results reflects the unprecedented speed and ferocity with which the economy softened in 2008, " Philips Chief Executive Gerard Kleisterlee said in a statement.
"This is a major step forward for the lighting world, " said Rene van Schooten, CEO of Philips' light sources division.
Dr. Eugenia Ellis, a professor of engineering and architecture at Drexel University, who works with LED installations, said an efficiency improvement at the level Philips forecasts would be impressive.
Royal Philips NV, the Dutch consumer appliances giant, said Thursday that it has developed an LED light that will soon be far more efficient than the best fluorescents on the market.
"The way we listen to music is changing, and so is the technology we use for enjoying music at home, " said Edouard Petit, marketing manager Audio at Philips.
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However on the same day, Hayden Philips, Permanent Secretary at the Department of Culture, Media and Sport, said in a separate document that the department had "no financial cover" for the event.
Before the sale Mr Goss said: "If through finding a new home for Team Philips we can provide a home for people who have suffered through ShelterBox, I couldn't think of a nicer end for this piece of vessel which has been such a huge part of my life".
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