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Siemens Denies Sale Rumors

Article Comments  18  

Jan 20, 2005, 4:06 PM   by (staff)

In an effort to squash ongoing rumors, Siemens has stated that they are not looking to sell their mobile phone division, despite its poor financial performance. The head of Siemens' Works Council, Ralf Heckmann, said "We are not talking about the sale of the unit, but discussing overall problems within the Communications unit," referring to ongoing meetings at the company. An official announcement regarding their decision is expected January 27 at the annual shareholders' meeting. This week Siemens has been plagued by rumors first that they were shutting down their mobile division, then that they were selling the division to LG. Today LG also denied that is in talks with Siemens, saying it has no interest in buying the German handset maker. Last month Ningbo Bird, which manufactures some Siemens phones, also had to deny it was in talks to buy Siemens' mobile business.

more info at Forbes »

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Subject Author Date
Never have I, never... DukeBlazinsticks Jan 20, 2005, 5:15 PM
Siemens weighs its future. muchdrama Jan 29, 2005, 7:38 PM
Whats up...... Who dislikes T-Mobile? KardonCLA Jan 21, 2005, 11:08 AM
How Will This affect the US market? MISTER04 Jan 20, 2005, 8:34 PM
 
 
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