Siemens Will Spin Off Phone Unit
Apr 27, 2005, 1:56 PM by (staff)
During their quarterly results today, Siemens announced they will spin off their mobile phone unit. The company probably will not keep a majority stake in the new spin-off, however they have not announced any company committed to partnering with them in the venture. They have only said there will be "one or more partners along the value chain," and that products from the spinoff will continue to be sold under the Siemens brand.
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