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

To: Eric L who wrote (279)	1/1/2005 4:53:25 PM
From: elmatador	Respond to of 356

Super 3G technology: coming to your phone? January 01 2005 at 03:43PM Tokyo - The world's 26 major cellphone operators and telecommunication equipment manufacturers have agreed to work on a global standard for a super fast mobile transmission technology, a newspaper report said on Friday. The group included NTT DoCoMo and NEC of Japan, Britain's Vodafone Group, top US cellphone carrier Cingular Wireless, Alcatel of France and Siemens of Germany, said the Nihon Keizai Shimbun business daily. Using the new technology - called Super 3G - the group planned to launch (by 2009) global services for transmitting large volumes of moving images by mobile phones at a speed 10 times faster than the current third-generation technology, the report said. Super 3G can boost mobile transmission speeds to a range of 30 to 100 megabits per second to match existing land line fibre optic telecom technology, allowing movies, games or home videos to be played on handsets with a much higher resolution, it said. The report said the cost of upgrading the mobile telecommunication network for Super 3G in Japan may top $975-millon. Vodafone's Japan unit was unavailable for comment.

To: Eric L who wrote (279)	1/6/2005 12:15:56 PM
From: elmatador	Read Replies (1) \| Respond to of 356

China rejects Siemens phone business By Lucy Sherriff Published Thursday 6th January 2005 15:34 GMT Rumours that Siemens was planning to offload its loss-making hardware division to China were dispelled today by the prospective partner company, Ningbo Bird. The Chinese manufacturer said that it was not considering buying the division from Siemens, and added that neither had it been approached by Siemens about such a deal. Meanwhile, executives at Siemens consider their options, after forecasting a third consecutive quarterly loss from the division. At a press briefing in Beijing, company president and CEO, Dr. Heinrich von Pierer said: "Either the situation has to be fixed or we have to find a partner for cooperation. We have to fix, close, or sell." Financial news service Bloomberg reports that Siemens lost €11 on each phone it sold in the September quarter. The last time the manufacturing division made a profit, it was a meagre one per cent of operating costs. Nokia has an operating margin of closer to 17 per cent, the report continues. The division's results were hit hard last quarter after handsets had to be removed from shops due to a software glitch. It reported an operating loss of €141m. Market watchers have speculated that the company is most likely to sell the loss making part of the business to a third party, in exchange for a minority share in the future business. This would be in keeping with its treatment of other divisions, like household goods, personal computers and hydropower turbines, which it now co-owns with others. Von Pierer said that the company would have a "concept" developed by the 27 January shareholders meeting. Also on 27 January, he will retire from his position as president and CEO, and will take a place on the supervisory board. He will be replaced by Klaus Kleinfeld, currently the company's chief operating officer.®