Philips drops sharply as European stocks slip By: MarketWatch January 24, 2011 at 04:15 AM EST European stock markets trade mostly lower amid losses for automotive and technology stocks, with Royal Philips Electronics falling sharply. Read More >> Related Stocks: Koninklijke Philips Electronics ADR Lloyds Banking Group Plc ADR Rio Tinto Plc ADR Royal Bank Scotland Group Plc