Siemens Denies Sale Rumors
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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.
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