AMSTERDAM, Oct 11, 2007 (AFP) - Dutch electronics company Philips announced Thursday that it will acquire US firm Lighting Technology International (LTI) which makes high-power lamps for movie theatres, for an undisclosed sum.

Besides xenon lamps for movie projectors, the Californian company also makes lights used to light concerts or to illuminate famous landmarks like the Eiffel Tower in Paris and the Egyptian Pyramids of Giza.

SEOUL, Oct 11, 2007 (AFP) - Dutch electronics giant Philips has sold down its stake in a joint venture in South Korea to below 20 percent as part of its move to adjust business portfolios, company officials said Thursday.

Philips Electronics sold a 13 percent stake in LG Philips LCD, the world's second largest maker of flat panel screens, to raise 2.2 billion dollars, the joint venture said.

'They divested the shares to international and local financial institutions in a block sale deal in the pre-opening session this morning,' an LG Philips LCD spokeswoman said.

AMSTERDAM, Sept 10, 2007 (AFP) - Dutch electronics giant Philips on Monday announced a corporate reorganisation plan and said it hoped to see sales grow by 6.0 percent a year between 2008 and 2010.

The group said in a statement it would 'simplify its operational structure' by creating three key units, comprising its medical, lighting and consumer electronics acitivites, that would each be headed by a single person.

THE HAGUE, Aug 24, 2007 (AFP) - Dutch Petrol company NAM is testing new lighting by electronics giant Philips to improve safety for migratory birds who can get disoriented by brightly-lit offshore platforms, the companies said Friday.

They said the new green-hued lighting on the platform 'less distracts birds during their migration across the North Sea'.

THE HAGUE, Aug 17, 2007 (AFP) - When the first CDs rolled off the presses at the Philips factory near Hannover, Germany on August 17, 1982, nobody realized these newfangled compact discs would revolutionise entertainment.

'In the late seventies and early eighties we never imagined that one day, the computing and entertainment industries would also opt for the digital CD to store the growing volume of data for computer programs and movies,' said Piet Kramer, one of the Philips engineers who developed the CD.