Philips Electronics Previews AOLTV Receiver At the Consumer Electronics Show

Philips Electronics has announced that the Philips Receiver with AOLTV service will be previewed for the first time in the Philips Booth (926) at the Consumer Electronics Show in Las Vegas.Philips Receiver with AOLTV service will allow users to benefit from the most popular AOL features and services right from their television sets, enabling members to access their e-mail, send instant messages using the AOL Buddy List(TM) feature, chat and even browse the Web - all from the comfort of their living room. The demonstration is a ""sneak peek"" of what the product will offer when it ships later this year.""Philips is delivering on its commitment to align ourselves with major service providers like AOL in order to bring our customers the latest in enhanced television services,"" said Rob van Oostenbrugge, President and CEO of Philips Digital Networks. ""Consumers want more control and personalization of their television viewing experience. Our alliance with AOL will help us introduce a whole new television viewing experience to a wider audience than ever before.""""Increasingly, our members are looking for ways to access their favorite AOL features and services while they are away from their computers,"" said Barry Schuler, President of AOL Interactive Services at America Online. ""AOLTV will enable them to do this from the comfort of their living room. Our agreement with Philips is important to reach our goal to enhance the television viewing experience and make TV more entertaining and useful for millions of AOL members.Further product specifications, availability and pricing information will be announced later this year.About Philips Digital NetworksPhilips Digital Networks is a business group of the Philips Consumer Electronics division, a world-leading provider of advanced digital system solutions for Service and Network providers in broadcasting and video distribution. Philips Digital Networks offers product and service solutions for customers in both the professional side of the distribution chain, as well as for consumers to use in the home. In the consumer domain, Philips Digital Networks is a leading provider of set-top boxes for digital television and internet delivery, as well as personal video recording. The broad professional product portfolio includes a comprehensive range of television cameras, studio and compression equipment, conditional access systems and transmission systems for broadband cable networks to deliver a full array of interactive services. A flexible customer support program and active involvement in the bodies setting tomorrow's entertainment and information delivery standards makes Philips a natural partner for the digital broadcast era.About PhilipsRoyal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 230,700 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges.

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