That's basically the story of Philips. They go through a tough period and choose to divest a "dubious" line of business to focus on higher margin products. The

That's basically the story of Philips. They go through a tough period and choose to divest a "dubious" line of business to focus on higher margin products. The new company, freed of Philips management, goes on to surpass the revenues of the parent. That's how ASML and NXP were born. Signify (Philips lighting) is getting reasonably close.