FORM 20-F THOMSON multimedia - Technicolor

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competes on its ability to provide, on a cost-effective basis, fully integrated services, technological leadership, industry-leading replication capacity and quality, broad geographic coverage and a high degree of content security. Technicolor supports and guides its clients through the digital evolution occurring within its industry by increasing its digital offerings. Its role as a content and information manager, as well as an intermediary between content creators and exhibitors, is comparable in the digital and analog media worlds. We believe that Technicolor’s current and targeted client base offers substantial growth opportunities, in particular in the areas of DVD, digital cinema, digital post-production, digital media management services and future services for broadband networks. Additionally, we believe opportunities exist to expand retail inventory management systems (‘‘RIMS’’), e-commerce and to explore pan-European distribution. Natural synergies exist between Technicolor and our other units for the next generation of technologies for VOD, including copy protection and digital rights management, media asset management and networking technologies. ) Broadcast Solutions Broadcast Solutions provides digital broadcasting products, equipment and services to the professional broadcast industry. Its products include cameras for outside broadcast and studio use, equipment for TV studios and mobile broadcast vehicles, film imaging and signal processing, and management and delivery systems. Customers include major broadcasters and networks, multichannel operators, transmission and distribution operators along with production and post-production facilities. Professional Broadcast Solutions seeks to exploit growth opportunities, in particular the rapid migration by the broadcast industry to server-based network architectures, and the creation of integrated digital solutions. Opportunities also exist for us to utilize our compression and network technologies from our Broadband Access Products and Network Equipment and Systems businesses within the Broadcast Solutions customer base. Through Broadcast Solutions, we operate in more than twenty-two countries and have a leading market position in Europe. Based on internal estimates, we hold the second position worldwide for digital broadcast systems (cameras, video switchers and servers) based on value, giving us an overall worldwide market share of 12% at year-end 2001. Our main competitors are Sony and Panasonic. In March 2001, we completed the acquisition of Philips’ professional broadcast businesses which complemented our existing professional broadcast business. At the end of 2001, we held a 66.7% ownership stake, with Philips holding the remaining 33.3%. In January 2002, Philips exercised its right to sell us 50% of its stake in accordance with the terms of the acquisition agreement, giving us an 83.3% ownership stake. Under the acquisition agreement, Philips has the right to sell to us its remaining stake in January 2003. In December 2001, we announced the acquisition of Grass Valley Group, Inc. (‘‘Grass Valley’’), a leading supplier of professional broadcast equipment and solutions with a strong presence in the digital broadcast and Internet streaming markets, particularly in the area of video server technologies. The acquisition, which closed on March 1, 2002, further extends Thomson’s Broadcast Solutions’ digital portfolio and strengthens its position as a key supplier of integrated and networked broadcast solutions for content providers. The acquisition will expand our geographic reach, product portfolio and broadband offering. Grass Valley’s 2001 estimated net sales were approximately 0 200 million. ) Network Equipment and Systems In February 2001, Thomson and Alcatel formed Nextream (75% and 25%, respectively), combining their interactive video network businesses. Under the terms of the agreement, Alcatel may require us to purchase all of its interest in the venture at any time between February 2002 and February 2007, or in the event there is a deadlock concerning any of the decisions requiring joint 20
approval. Nextream combines businesses in MPEG network products and multimedia head-ends for cable TV networks, and is a leader in the European market for professional equipment for digital interactive video networks. Nextream’s primary purpose is to enable the delivery of entertainment to subscribers over multi-platform transmission end-to-end solutions that include digital head-ends, video sources, video servers, encoders, IP encapsulation and network management software for interactive digital TV (‘‘IDTV managers’’). Its customers include satellite (Pay TV), cable, and telecom operators, ISPs and broadcasters. Nextream holds a leading position in Europe in video network equipment and, according to internal estimates, the fourth position worldwide based on value at year-end 2001. Its principal competitors are Motorola, Scientific Atlanta, Harmonic Divicom and Tandberg Television. Nextream’s business is driven by digital convergence (voice, data and video), new content sharing, bandwidth optimization and infrastructure upgrades to support value added services, such as VOD, web browsing and voice over Internet Protocol (VoIP). Improved operational efficiency via integrated network management systems also plays an important role. Nextream facilitates the migration and expansion of content delivery to digital interactive formats. As the Nextream business is focused on broadband solutions for network operators, it works very closely with the Broadband Access Products activity that is part of the Consumer Products division and is under common management with that division. ) Singingfish.com In September 2000, we acquired Singingfish.com, Inc. (‘‘Singingfish’’), a leader in indexing and searching tools, to provide access to digital audio and video content on broadband networks across the World Wide Web. Indexing identifies certain characteristic elements or keys to find a particular document in a file. At the end of 2001, Singingfish had indexed more than seven million audio and video streams. In September 2001 RealNetworks˛, Inc. selected Singingfish’s streaming content search technology for integration into its new RealOne TM Player. We believe that Singingfish technologies will contribute to our development of new digital products and video services. Displays and Components Displays and Components generated total net sales of 0 2,398 million in 2001 of which 0 1,642 million were sales to outside manufacturers (consolidated net sales) and the remaining 0 756 million were internal sales to our Consumer Products Division. Consolidated net sales represented 15.6% of our 2001 net sales. Operating income for the division was 0 105 million. At December 31, 2001, the division had 26,180 employees and operated 15 industrial facilities. Our Displays and Components division produces television tubes and advanced television display equipment, such as plasma displays, optical and other components used in the manufacture of various consumer electronics, and also develops integrated circuits. Our strategy in Displays and Components is to focus our core skills on a limited number of key hardware and software components for consumer electronics devices to strengthen our leadership in digital video technologies and capture a larger value market share of the consumer electronics finished product market. In addition, we intend to continue to optimize our cost profile by locating production in low cost countries. In 2001 we were second worldwide in large and very large size TV picture tubes based on volume. We also held a leading position in optical components and a strong position in the emerging plasma display market. ) Television Tubes We are one of the world’s top three suppliers of television cathode tubes, producing 14.8 million color picture television tubes in 2001. Our television tubes business is highly vertically integrated, as we produce most of the important components that go into a finished picture tube. We produce over 70% of our requirements for glass panels and funnel and all of our requirements for electron guns 21
Page 1 and 2: As filed with the Securities and Ex
Page 3 and 4: INTRODUCTION In this Annual Report
Page 5 and 6: PART I ITEM 1 — IDENTITY OF DIREC
Page 7 and 8: 1997 1998 1999 2000 2001 (1) 2001 1
Page 9 and 10: B — Exchange Rate Information Our
Page 11 and 12: we have limited operating history,
Page 13 and 14: projects that such shareholder may
Page 15 and 16: publishers, network operators and e
Page 17 and 18: division. Our relative decrease in
Page 19: we initiated at the end of 2001 our
Page 23 and 24: ) Digital Optical Components We pro
Page 25 and 26: our presence with global retailers
Page 27 and 28: product. Through Nextream, we will
Page 29 and 30: ) Within personal media services, w
Page 31 and 32: We have obtained significant price
Page 33 and 34: Location Division Products Asia: Ba
Page 35 and 36: ITEM 5 — OPERATING AND FINANCIAL
Page 37 and 38: and 10% in 1999. The acquisition of
Page 39 and 40: Accordingly, under U.S. GAAP, the g
Page 41 and 42: effect of the events of September 1
Page 43 and 44: labor costs resulting from the impl
Page 45 and 46: Our operating income under U.S. GAA
Page 47 and 48: offerings, the accounting treatment
Page 49 and 50: GROWL in the United States. These p
Page 51 and 52: Other income and expense Other inco
Page 53 and 54: In evaluating our cash flow perform
Page 55 and 56: Guarantees given by subsidiaries of
Page 57 and 58: ITEM 6 — DIRECTORS, SENIOR MANAGE
Page 59 and 60: Initially Other business Principal
Page 61 and 62: Charles Dehelly was appointed Chief
Page 63 and 64: The following table, sets forth the
Page 65 and 66: French subsidiaries will pay bonuse
Page 67 and 68: our shares and have a nominal value
Page 69 and 70: exclusive right to grant licenses t
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In connection with the investigatio
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consumers who acquired certain tele
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are also permitted to offer investo
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The tables below set forth, for the
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ITEM 10 — ADDITIONAL INFORMATION
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general meeting affecting these rig
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oth for a period of up to five year
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an ordinary general meeting, or by
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that Euroclear France provide us at
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The shareholders, at an extraordina
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This discussion is intended only as
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) a tax-exempt organization, ) a li
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A simplified certificate must state
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ITEM 11 — QUANTITATIVE AND QUALIT
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Sensitivity To Exchange Rate Fluctu
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December 31, 2000 December 31, 2001
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ITEM 17 — FINANCIAL STATEMENTS No
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FORM 20-F THOMSON multimedia - Technicolor

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