"Throw away last week's charts that show expectations for LED performance," said Mike Holt, CEO of Lumileds. "Increased access to and closer working relationships with the world class materials, semi-conductor and lighting technology organizations in Philips will allow us to advance the performance of LEDs and our Luxeon products in ways not imagined just a month ago."
"Lumileds success and value is a direct result of our passion and commitment to our technology leadership, products and customers. The freedom Agilent and Philips have given us to do what we do best as a solid-state technology company will continue even though the makeup of our board will change," said Holt. "The entire process will be transparent to our customers and they will remain unaffected as the company moves forward."
(Lee Baldock)
