Residents of this upscale New York suburb may have thought the benefits of an ambitious screen phone project were too good to last. They were right.

Philips Home Services, the unit of Philips Electronics that chose Garden City as a showcase for its advanced telephone technology, has for all intents and purposes closed its doors. It has essentially abandoned all hope of adding to the banking, electronic mail, and other information services delivered through its P-100 telephones during the 18-month-old pilot.

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