Dell, Philips cancel $700M IT services deal

Vikingod · Feb 21, 2006, 04:13 AM

In a blow for Dell Inc., the company confirmed today it has lost a services deal with Dutch electronics giant Koninklijke Philips Electronics NV that was valued at up to $700 million.

While Dell has worked with Philips for the past 12 months to provide hardware and managed desktop services to employees at Philips, "It was mutually agreed upon by both companies" to cancel the project, said Bob Kaufman, a Dell spokesman. The companies said they did not foresee a successful completion of the deal.

Philips continues to be a Dell customer and the company looks forward to working it them in the future, Kaufman added.
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Read More / Source: Computerworld

Feb 21, 2006, 04:13 AM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Dell, Philips cancel $700M IT services deal In a blow for Dell Inc., the company confirmed today it has lost a services deal with Dutch electronics giant Koninklijke Philips Electronics NV that was valued at up to $700 million. While Dell has worked with Philips for the past 12 months to provide hardware and managed desktop services to employees at Philips, "It was mutually agreed upon by both companies" to cancel the project, said Bob Kaufman, a Dell spokesman. The companies said they did not foresee a successful completion of the deal. Philips continues to be a Dell customer and the company looks forward to working it them in the future, Kaufman added. __________ Read More / Source: Computerworld