Color Kinetics, innovator in the LED products market, has been purchased by Philips. I am not surprised at all by the transaction, I fully expected it to happen, but I am surprised by the timing... I thought we were still two years away from seeing this company swallowed up. My guess is that the recent legislation in Europe and Australia to eliminate the use of incandescent fixtures helped push the time frame on this one. It also makes sense that Philips wanted to get a jump on this before the industry heavyweight General Electric got into the mix (for the record, GE's market capitalization is $400 Billion... yep, that's a B).
Disney gives $15 million to support fire relief in California
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By Robert Niles: The Walt Disney Company is committing $15 million to
recovery efforts in the Los Angeles area, following this week's devastating
fires.
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4 hours ago
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