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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 »



This forum is closed.

This forum is closed.


Jan 20, 2005, 5:15 PM

Never have I, never...

Twisted Evil Its no wonder people get confused and may think thier selling, who hasnt or isnt going to within the past 12 months. Wink
DukeBlazinsticks said:
Twisted Evil Its no wonder people get confused and may think thier selling, who hasnt or isnt going to within the past 12 months. Wink
I can tell you this: If Siemens decides to cell its handset d...

Jan 29, 2005, 7:38 PM

Siemens weighs its future.

I was just reading about how Siemens hasn't decided what to do with its mobile division. The division employs 10,000 workers and recently announced a $187 million dollar loss. The company's CEO is trying to decide whether to let another company buy it out directly, go into a partnership with another mobile manufactuer (NEC of Japan, LG of South Korea, and Ningo Bird of China) for an infusion of funds, or close the division altogether. I sure hope the last option never becomes a reality.

Jan 21, 2005, 11:08 AM

Whats up...... Who dislikes T-Mobile?

Let me know. Twisted Evil
Well, I cant say I dislike T Mobile, but theres's a user named AberFitchDude who completely goes psycho whenever someone talks bad about T Mobile, its pretty amusing. You can find him on the T Mobile forums. He's completely in love with T Mobile.
Please keep the discussion on-topic. If you need to discuss T-Mobile, please do so in the T-Mobile forum: »

If you just want to chat, please check out the Lounge forum: »...

Jan 20, 2005, 8:34 PM

How Will This affect the US market?

I am just wondering what Siemens sale or non-sale will do to the US.

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.

actually siemens sells quite a few models thru cingular, and one or two through t-mobile as well. in general that still doesn't compare to their sales in other gsm markets. despite better sales outside the US, it's been quite some time since siemens w...
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