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Technology Stocks : Alcatel (ALA) and France
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To: zbyslaw owczarczyk who wrote (3746)1/31/2002 12:57:59 PM
From: elmatador   of 3891
 
SI CEO speaks about: Well-balanced business portfolio

Pierer pointed out that the specific strength of Siemens is attributable to the company’s balanced portfolio. Businesses which are subject to long-term cycles account for roughly 30% of the company’s sales. These businesses – primarily power plants, rail systems and medical solutions – show high order backlogs and strong earnings. Pierer also expects solid earnings in those Groups that are subject to shorter business cycles. Among these Groups – which also contribute around 30% of the company’s sales – are Automation and Drives and Osram. The possibility that these Groups could also be affected to a certain extent by an enduring economic downturn cannot be excluded, however. Some 40% of Siemens’ sales depend on particular industry-specific cycles, notably in information and communications, in automotive electronics and in logistics systems. Siemens businesses in these areas face structural problems in their respective industries and have instituted restructuring measures.
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