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To: smolejv@gmx.net who wrote (46745)	2/27/2004 1:47:52 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

<<In this case I see it on Schroeder's side.>> Then Bush would have gone to Berlin. Not mention that elections in Germany are earlier than the US. With 8% unemployment rate, the Germans are going to 'ziehen Schroeder die lederhosen aus'! It was just a joke of the Nuremberger football fans who sing in Olympia stadium "Ziehen die Bayern die lederhosen aus!" And I can tell you what is going to happen: Schroeder will come back empty handed and Europeans are ging to slap tariffs in US imports. Which I thought it would come by 1.35 / 1.40.

To: smolejv@gmx.net who wrote (46745)	3/1/2004 1:04:25 AM
From: elmatador	Respond to of 74559

Siemens positions for decade of growth By Peter Marsh in London and Bettina Wassener in Frankfurt Published: February 29 2004 22:56 \| Last Updated: February 29 2004 22:56 SCSiemens has begun an internal exercise to review the possibility of big acquisitions and a potential restructuring of business divisions to give it a better platform for growth over the next decade. The move underlines renewed confidence at Europe's second biggest manufacturer by sales that it has the potential to expand significantly as the business climate improves. Heinrich von Pierer, chief executive, told the Financial Times that Siemens would consider acquisitions like the $9.5bn (£5bn) purchase by General Electric, Siemens' biggest rival, of Amersham, the UK biosciences company. Among the possibilities Siemens is discussing is a big acquisition in fields such as medical equipment, power and automation and controls - all parts of Siemens that are seen as having good growth opportunities. Last year Siemens had sales of €74.2bn (£49.6bn) 80 per cent of which were outside Germany. Siemens would be able to finance acquisitions of up to €7bn, analysts believe. "There is a no-holds-barred willingness to discuss the issues," says someone close to the talks. "They [Siemens executives] really have been talking through some extremely radical possibilities." Another person with close knowledge of the company said Siemens was looking particularly at the possibility of acquisitions that would give it a stronger position in Japan and eastern Europe, where it is relatively weak. Siemens has indicated it may be interested in bidding for all or part of Invensys, the UK maker of controls systems and other engineering goods. The possibility of this coming off is regarded as being slightly greater now that a £2.7bn restructuring deal has removed some of the question marks over its finances. Another possibility is that Siemens could bid for a part of Alstom, the French power systems group that has been through severe financial difficulties but which was rescued last year through a deal with the French government. Mr von Pierer - who has been at the helm of Siemens since 1992 - is thought to be keen to leave Siemens in good shape when he retires, probably in January 2006.