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Technology Stocks : Siemens -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (113)	11/14/2001 6:51:45 AM
From: elmatador	Respond to of 356

Siemens shares rise 5% after Q4 results Shares of German engineering and electronics giant Siemens (us:si) (de:723610) rose 5 percent in Frankfurt after the company posted a 12 percent rise in sales to €87 billion ($76 billion) for the full year. Siemens also posted a net loss for the second quarter in a row as a result of the downturn in the network and mobile phone industry. Its net loss was €1.1 billion in the fourth quarter including restructuring charges, losses at majority-owned chipmaker Infineon (us:ifx) (de:623100), and asset write-downs. Excluding all those effects, Siemens said it had €829 million EBITA from operations in the fourth quarter ending Sept. 30. Looking ahead, Siemens declined to detail its outlook for performance in 2002, saying "the company will continue to monitor its business performance, particularly the trend in sales and order intake, to better assess the effects of Sept. 11."

To: Eric L who wrote (113)	11/20/2001 2:00:04 PM
From: elmatador	Respond to of 356

Siemens seeks handset partner after losing share By Sven Clausen in Munich Published: November 20 2001 18:00 \| Last Updated: November 20 2001 18:32 Siemens, the German technology conglomerate, is in talks with several mobile phone companies over a co-operation in handset production. The move signals that Siemens has abandoned attempts to remain an independent player in the handset industry. The Munich-based technology group had been aiming for a market share of about 15 per cent in mobile phones on its own. The switch in strategy follows a similar move by Ericsson, the Swedish communication group, which merged its mobile phone operations with Sony of Japan in October. Volker Jung, Siemens board member for information and communication, told FT Deutschland: "In order to remain profitable, a certain sales volume is required. Only Nokia is capable of achieving this without a partner in the long run. Thus, we are talking with several handsets producers about co-operation." Mr Jung said that his mobile phone unit would be barely profitable this year. After turning over E5.7bn ($5.03bn) last year, the unit will not achieve the return on investment rate of 8-11 per cent that Heinrich von Pierer, Siemens chief executive, demands of his group’s divisions. Siemens has been losing ground in mobile phones and recently slid to fifth position in terms of global market share, behind Nokia, Motorola, Ericsson and Samsung. According to third quarter figures by Gartner Dataquest, the German group is now holding a market share of 7.2 per cent, which is 1.4 per cent less than last year. In comparison, world market leader Nokia has 33.4 per cent. Given this weak market share, Mr Jung sees no chance for a reasonable return on a standalone basis in the long run. "Development and marketing account for the highest costs. But both of them are independent of the volume of handsets sold," he said. Mr Jung declined to comment on his preferred partner. "There have already been companies with which we could have co-operated. But different opinions about the shares in a joint venture or the brand name have caused the talks to be shelved," he said. According to industry insiders, Siemens had been talking to Motorola, but the talks have been put on hold. Mr Jung said: "A joint venture with a Japanese company usually holds longer than one with a US-firm. But one also takes much longer to come to an agreement." Apart from producers of mobile phones, Mr Jung also confirmed to be in talks with manufacturers of mini-computers, or personal digital assistants, about possible co-operation.

To: Eric L who wrote (113)	11/22/2001 7:14:13 PM
From: elmatador	Respond to of 356

Siemens restructuring plan meets with scepticism By Bertrand Benoit and Sven Clausen in Munich Published: November 22 2001 18:19 \| Last Updated: November 22 2001 18:56 A radical restructuring plan unveiled this week by Volker Jung, head of Siemens' embattled telecommunications and IT divisions, is meeting with heavy scepticism inside the businesses. Signs of tension at the unit come as executives are positioning themselves as potential successors to Heinrich von Pierer, chief executive since 1992, and could see these efforts upset by Mr Jung's projects. Mr von Pierer is not planning to retire before September 2004, at the earliest, but a successor would have to be designated at least one year before the transfer of power. The decision lies with Mr von Pierer and Karl-Hermann Baumann, chairman of the supervisory board. "You can tell people are starting to go for the job," says one insider. According to another, Mr von Pierer has already drawn up an informal shortlist of less than 10 candidates out of about 20 people fitting his eligibility criteria. Hopefuls should be Siemens insiders, with successful track records, at least one lengthy foreign posting, and not much older than 50. Thomas Ganswindt, appointed head of the ICN fixed networks division in September with the task of turning round the loss-making business, could be a contender. So would Rudi Lamprecht, the highly-regarded head of the ICM mobile telephony business, although at 53, he might already be too old. But the strategy outlined by Mr Jung, who oversees ICN, ICM, and SBS, an information technology services business whose head was also replaced this year, could short-circuit efforts by the two to restructure their respective businesses. An insider on Thursday described the plans as "castles in the air". Analysts, meanwhile, said some large investors had been lobbying for the departure of Mr Jung, whose businesses made an operating loss of E1.43bn ($1.25bn) in 2001. "Consider Mr Lamprecht's and Mr Ganswindt's records, and look at Mr Jung's records, and you can easily draw conclusions as to who wields more credibility with the markets," said one person close to the group. One Siemens insider, however, sought to play down suggestions of a power battle: "Jung is rather blunt, the times are difficult, and we encourage lively discussions at the top. But he would never have presented ideas without the approval of the divisional heads." In an interview with Financial Times Deutschland this week, Mr Jung said he wanted to reorganise ICN and SBS along client, rather than product lines, and reshuffle activities between the divisions. He was also looking for joint venture partners in several areas. Under his plans, ICN's Enterprise Network activities could be transferred to SBS while the former would concentrate on telephone networks. Meanwhile, Optical Networks, also part of ICN, would be folded into a partnership. Mr Jung is also looking for partners in mobile handset manufacturing, which could result in ICM's network activities being taken over by ICN, leaving Mr Lamprecht without a clearly defined job.

To: Eric L who wrote (113)	3/12/2002 10:31:35 AM
From: elmatador	Respond to of 356

Siemens Showcases Mobile Phone Using NXT Technology LONDON, March 12, 2002 German communications giant, Siemens, which ranks among the top three global mobile phone manufacturers, announced today that it is unveiling a prototype of a remodeled mobile telephone equipped with NXT technology at the world's largest ICT show, CeBIT, in Hannover (13-20 March 2002). The so called "speaker phone" being showcased is the popular Siemens S45, which has a modified display lens. NXT's SoundVu™ technology, has been used to enable the display lens to work with tri-modal functionality as a hands-free loudspeaker, receiver, and ringer. By incorporating NXT's technology, Siemens' engineers have been able to enhance the sound quality for voice and music. The speaker itself is sealed and therefore waterproof. The S45 uses NXT's Distributed Mode Actuator (DMA), consisting of thin piezo-electric ceramic panels mounted in a central stub, so that the display panel of the phone operates as a Distributed Mode Loudspeaker (DML). The actuator is significantly smaller than today's loudspeakers and allows a more flexible approach to mobile phone design. David Pearson, chief executive of NXT commented: "We are delighted that Siemens has chosen to demonstrate its interest in using NXT's technology. Our technology supports the constant effort of Siemens to innovate the market with design led mobile phones." Siemens will be evaluating consumers' reaction to the prototype, before determining whether to consider a mass-market introduction. The NXT enabled S45 will be on display at Siemens' booth in Hall 26, Stand A31. CeBIT is one of the world's biggest trade shows, and attracted in excess of 850,000 visitors last year. Ends - About NXT NXT's business is the invention, patenting, licensing and marketing of enabling technologies in sound and speech. NXT is setting a new world-standard in loudspeakers. It offers a superior alternative to existing technologies across most product sectors while creating new opportunities where conventional technology has been unable to deliver. NXT has developed industry-specific expertise and is focused on helping its licensees get product to market efficiently and cost effectively. NXT now has over 230 licensees for its patented SurfaceSound™ flat panel loudspeaker technology. Licensees include Acer Computers, Armstrong, DaimlerChrysler, Ericsson, Fiat R&D North America, General Motors, LG Electronics, Matsushita Communication Industrial, NEC, Philips, Siemens and TDK. The company, which is fully listed on the London Stock Exchange (symbol NTX), has Technology Centers in Cambridge and Malvern and operations in London, Tokyo, Hong Kong, California, Detroit, and Stuttgart. For more information, please refer to www.nxtsound.com.