SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of foreign Private Issuer
Pursuant to Rule 13a – 16 or 15d – 16 of
the Securities Exchange Act of 1934
For the month of January 2005
Commission File Number: 0-3003
46 quai A. Le Gallo
92648 Boulogne Cedex
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Press Release
Thomson transfers its Italian tubes activity to Videocon
Paris, France – January 26th 2005 – Thomson (Euronext Paris : 18453 ; NYSE : TMS) today announced an important step in the implementation of its strategy announced on 21st October 2004 to partner its Displays activity. Thomson will transfer its Italian tubes manufacturing facility in Anagni to Videocon, India’s leading manufacturer of consumer electronics and white goods.
Videocon is pursuing an international expansion strategy and will develop its European manufacturing base from the Anagni plant in Italy. The agreement between Thomson and Videocon will therefore enable the progressive development of new manufacturing operations at Anagni.
The financial impact of the transaction for Thomson is fully in line with the one-time charge announced on 21st October 2004 to be taken largely against its 2004 results.
This agreement illustrates Thomson’s determination to find a sustainable future for the sites within its Displays business. Thomson has previously announced a strategy of partnerships in Displays, which continues to progress on plan and schedule.
* * *
Certain statements in this press release, including any discussion of management expectations for future periods, constitute “forward-looking statements” within the meaning of the “safe harbor” of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements due to changes in global economic and business conditions, consumer electronics markets, and regulatory factors. More detailed information on the potential factors that could affect the financial results of Thomson is contained in Thomson’s filings with the U.S. Securities and Exchange Commission.
About Thomson - Partner to the Media & Entertainment Industries
Thomson (Euronext Paris: 18453; NYSE: TMS) provides technology, systems and services to help its Media & Entertainment clients - content creators, content distributors and users of its technology - realize their business goals and optimize their performance in a rapidly changing technology environment. The Group intends to become the preferred partner to the Media & Entertainment Industries through its Technicolor, Grass Valley, RCA and Thomson brands. For more information: www.thomson.net.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: January 27th, 2005 |
THOMSON S.A. | |||||||
| By: | /s/ Julian Waldron | |||||||
| Name: |
Julian Waldron | |||||||
| Title: | Senior Executive Vice President, Chief Financial Officer | |||||||