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Who bailed out siemens? |
govigov
Joined: Jul 30, 2004
Posts: > 500
From: Back home - Cochin
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In the news it was said that siemens was pumping in $300mn in india. Last heard, they were still in pathetic state.
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masseur
Joined: Jan 03, 2003
Posts: > 500
From: Sydney, London
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its only the mobile phone division of siemens that is having problems as I understand it and looking at several news articles it seems to be $500m they are putting into india. The news also mentions that it is adding more software professionals and scientists at its facility in Bangalore. These software professionals works on telecom software, hospital information systems, call centre solutions and automotive electronics.
thats the basic summary of it all
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[ This Message was edited by: masseur on 2005-02-09 15:18 ] |
govigov
Joined: Jul 30, 2004
Posts: > 500
From: Back home - Cochin
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Oh! Why cant these other sections help the telecom sector?
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*Jojo*
Joined: Oct 15, 2003
Posts: > 500
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Quote:
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On 2005-02-09 16:11:17, govigov wrote:
In the news it was said that siemens was pumping in $300mn in india. Last heard, they were still in pathetic state.
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Yup! As per last news, thay are losing US$ 1.3M/day or roughly around 1M euros, they have an option to merge with a leading mobile company here in Asia  !
[addsig] |
whizkidd
Joined: May 14, 2004
Posts: > 500
From: India
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@jojo, You're looking forward for SE-S. I presume!
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*Jojo*
Joined: Oct 15, 2003
Posts: > 500
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Quote:
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On 2005-02-10 03:26:31, whizkidd wrote:
@jojo, You're looking forward for SE-S. I presume!
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what is an SE-S, with the issue on hand what Siemens needs is an "SO-S" I surmise  !
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whizkidd
Joined: May 14, 2004
Posts: > 500
From: India
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Are they really in that bad shape? :-D lol
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*Jojo*
Joined: Oct 15, 2003
Posts: > 500
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@whizkidd - Just imagine LOSING US$ 1.3M daily  mate ! I guess a merge with  is not in the offing, as an Asian based celfone company is what they are aiming at pal . . . say, BenQ and Bird, that is, if these 2 are Asian mades  !
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Residentevil
Joined: Feb 29, 2004
Posts: > 500
From: Raccoon City, USA
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Siemens AG is a large German Corporation and benefits probably from the other Siemens Divisions. Their industrial controls devision is pretty strong. So they might shuffling money from them around.
Tough times don't last, tough people do!
Free Tibet |
whizkidd
Joined: May 14, 2004
Posts: > 500
From: India
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Afaik, BenQ is asian. Taiwanese i guess.
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xciter
Joined: Dec 29, 2004
Posts: 52
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the latest news from siemens:
Quote:
| Siemens increases mobile phone advertising budget with Omnicom's TBWA - report
MUNICH (AFX) - Siemens AG (Xetra: 723610.DE - news) has increased its mobile phone advertising budget with Omnicom Group PLC's TBWA agency, the Financial Times Deutschland reported, citing industry sources.
The newspaper said that at the end of last year, it had appeared that Siemens would allow its current contracts with the firm to expire.
Unnamed marketing industry experts speculated that since Siemens is increasing its advertising expenses, then it now intends to keep its troubled mobile phone business.
In the past, Siemens has said it has four options for the business: 'restructure, sell, close down or cooperate.'
In the quarter to December, Siemens' handset business posted an operating loss of 143 mln eur on sales of 1.170 bln. |
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[ This Message was edited by: xciter on 2005-02-10 15:40 ] |
whizkidd
Joined: May 14, 2004
Posts: > 500
From: India
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Rarely have i seen a siemens ad in India.
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Posted: 2005-02-09 16:11
