Philips, Dell in $5-Billion Components Deal

Philips Electronics announced that it has formed a $5-billion preferred supplier deal to build components for Dell Computer Corp., the world’s top computer maker, giving a boost to the Dutch company’s flagging cathode-ray monitor business.

Philips will supply traditional cathode-ray and flat-panel monitors, storage devices, connectivity solutions and other components to Dell, a Philips statement said.

The Dutch company--Europe’s largest maker of consumer electronics--said the deal would add $5billion to its revenue over five years.