text: Philips Warns on Sales, Sees 05 Slowdown  AMSTERDAM (Reuters) - Europe's top consumer electronics  group Philips &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=PHG.AS target=/stocks/quickinfo/fullquote"&gt;PHG.AS&lt;/A&gt; cut the sales forecast for its  closely-watched chip unit on Friday and predicted much smaller  growth for the semiconductor industry next year.