Siemens Denies Sale Rumors
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.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
Nokia Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion.
Sharp May Have Found Buyer for LCD Business
Sharp CEO Kozo Takahashi said the company is in talks with several others concerning a sale of its LCD business unit. "I cannot provide any names, but we are currently in negotiations with multiple companies," said Takahashi.
LG Names New CEO, Mobile Biz Head Stays Put
LG today promoted Jo Seong-jin, the head of its Home Appliance & Air Solutions business, to CEO of the entire company effective immediately. Jo will be responsible for all of LG Electronics' business units, which include mobile communications, home entertainment and vehicle components, and home appliances.
Never have I, never...
DukeBlazinsticks said:I can tell you this: If Siemens decides to cell its handset d...
Its no wonder people get confused and may think thier selling, who hasnt or isnt going to within the past 12 months.
Siemens weighs its future.
Whats up...... Who dislikes T-Mobile?
If you just want to chat, please check out the Lounge forum:
How Will This affect the US market?
I am not sure how many people own Siemens phones, but they don't really have a stake in the US cellphone market like Nokia, Samsung, etc.