Siemens Message Board - Msg: 15791499

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Technology Stocks : Siemens

SI 15.02

+3.6%

3:59 PM EST

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To: elmatador who wrote (81)	5/12/2001 9:28:01 AM
From: zbyslaw owczarczyk	of 356

Siemens said the weakness in the mobile phone sector was expected to continue and was affecting new-generation mobile networks as well as handset sales. ``We expect the difficult market conditions will continue for the moment,'' it said in a statement. ``It is affecting not just mobile telephones but also the expansion of UMTS networks. The market is in a consolidation phase.'' to much hype about wirelesss...... not only fixed space but also mobile is suffering. In the case of Alcatel optical and networking space will grow 25 and 50% this year. It is mobile infrastructure(8%) of business and handset (7%) which is a drag on overall business. Looks like Siemens is loosing to Alcatel in networking space. biz.yahoo.com ZO

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