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RTRF14 
March 25, 1996 
Dutch Philips founder Frits Philips listens to Dutch Philips president Jan Timmer adressing the shareholders... 
Netherlands 
PHILIPS FOUNDER FRITS PHILIPS 
Dutch Philips founder Frits Philips listens to Dutch Philips president Jan Timmer adressing the shareholders at the annual shareholders meeting in Eindhoven, March 25. Philips shares plummeted after Timmer warned investors that first quarter earnings of Europe's biggest consumer electronics group would fall sharply from strong year earlier levels.

DUTCH PHILIPS 
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