Philips Withdraws From AT&T; Venture: NV Philips,...

Philips Withdraws From AT&T; Venture: NV Philips, the Dutch electronics giant, confirmed a week-old rumor that it would sell its 15% stake in a telephone equipment company set up jointly with American Telephone & Telegraph Co. Philips said it was selling its share in AT&T; Network System International, which makes sophisticated electronic switching devices for public telephone systems, to AT&T.;