Siemens Message Board - Msg: 17093390

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Technology Stocks : Siemens

SI 14.37

-3.8%

Dec 12 9:30 AM EST

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To: zbyslaw owczarczyk who wrote (137)	2/21/2002 12:50:39 PM
From: elmatador	of 356

Siemens makes forecast for ICM division Borsen-Zeitung - Germany; Feb 21, 2002 Siemens AG, the German electronics group, announced yesterday that it aimed to increase its global market share for mobile telephones from 8 per cent to 15 per cent during the next three years. The group left open, however, whether the turnover increase would be provided by internal growth or acquisitions. Last week, Rudi Lamprecht, director of the group's mobile information and communications division (ICM), revealed that Siemens did not intend to carry out acquisitions. He stressed that the group would grow faster than its competitors this year by increasing mobile telephone sales figures by 10 per cent. Siemens aims at a market share of more than 25 per cent in Brazil and Latin America in the long run.

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