Philips Natuurkundig Laboratorium Diepeveen built an error-correcting coder-decoder that was delivered in the summer of 1978. The decoder was included in the CD prototype player that was presented to the international press. To commemorate this breakthrough, Philips received an IEEE Milestone Award on March 6, 2009. This breakthrough was also appreciated by Sony and they started a cooperation with Philips that resulted in June 1980 in a common CD system standard. Philips as a whole took a turn for the worse and by the end of the 1980s bankruptcy seemed a very real possibility. Under research director Kees Bulthuis the position of long-term
Philips (family) was the addressee of many of her cousin Karl Marx's letters (e.g.) and later, a member of the Dutch section of the International. Lion's son Frederik Philips was a merchant banker who financed the setting up of the Philips lighting company which was run by his son Gerard Philips. After a few years Gerard was joined by his younger brother Anton Philips who revolutionised the fortunes of the company. Anton was succeeded by his son-in-law Frans Otten who was married to Anton's eldest daughter. During the war Anton fled to England in a company armoured payroll van along with Princess