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Technology Stocks : Orbital Engine (OE)

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To: Maverick who wrote (4580)2/6/2001 11:26:24 PM
From: Abuckatatime  Read Replies (1) of 4908
 
You state that Siemens only wants to sell the non-automotive component (division?) of Synerject. It follows then that Siemens wants to continue to hold ownership interest in the automotive component. Why, if that is true, didn't the release SIMPLY SAY THAT...SIEMENS INTENDS TO RETAIN ITS OWNERSHIP INTEREST IN THE AUTOMOTIVE PORTION OF SYNERJECT??? Jeesh...the co. ought to issue shareholders OE decoder rings

Thanks for checking. I'm calling tomorrow.

add:
"The companies said in a statement to the Australian Stock Exchange
Munich-based Siemens wants to sell its half of the venture as it focuses on
investing in the automotive industry."

Even the professionals are getting it wrong..."sell its half" doesn't imply holding onto any partial piece of that one half. I guess Boey didn't talk with OE!

quote.bloomberg.com
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