The Thread Formerly Known as No Rest For The Wicked Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn who wrote (28701)	4/17/1999 2:22:00 PM
From: Tim Luke	Read Replies (2) of 90042

Munich, April 17 (Bloomberg) -- Siemens AG is seeking ''a number'' more of U.S. acquisitions as it seeks to strengthen its business for data-telecommunications, which involves technology for directing data over the Internet, Barron's reported, citing Chief Executive Heinrich von Pierer. Siemens, Germany's largest electronics and engineering company, could be on the verge of a turnaround, as focuses on trimming some of its traditional businesses and aggressively entering the high-growth market for Internet hardware and services. Some analysts say that Siemens is preparing for as many as 24,000 job cuts in Germany, though von Pierer said such a massive reduction ''is impossible,'' Barron's reported. Since last month, Siemens has spent about $1 billion on acquisitions of U.S. Internet-equipment companies. (Barron's 4/19 19 www.barrons.com)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next