Thursday, April 20, 2006

Pension Exposure in Europe

Seeking Alpha » Royal Philips Electronics Q1 2006 Earnings Conference Call Transcript (PHG): "OK. I’ll take them in sequence. The first one, on the U.K., it’s definitely a one-off. We were under-funded. The reason why we decided to fund the U.K. is because the regulators there are taking a vested interest in this and there are possibilities that if you are not fully funded in that part of the world, the regulator could be in the way of potentially, for instance, reorganization of a portfolio."

--Pierre-Jean Sivignon from Royal-Phillips

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