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To: StanX Long who wrote (57092)	12/7/2001 3:27:29 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Siemens sees recovery ahead December 6, 2001: 8:12 a.m. ET Mobile phone market improves, up-beat year forecast money.cnn.com LONDON (CNN) - German telecommunications giant Siemens says the mobile phone market is showing signs of recovery and that should help the company cut its losses next year. The company posted a net loss of 1.1 billion ($968 million) in the fourth quarter and announced plans last month to shed 17,000 jobs due to the sharp drop in demand for telecom products. Siemens expects sales to improve in 2002, although the company has not set a specific earnings target for the year. "But we are confident that we have the right strategies and that our restructuring measures will bear substantial fruit this year," Chief Executive Heinrich von Pierer said in a statement. "I expect a very good quarter as far as unit sales go."