Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Siemens to Sell Mobile Handset Operations
May 6, 2005
 Printable format
 Email this Article
 Search

German electronics maker Siemens is still in talks with a number of potential partners about the future of its loss-making mobile handset operations, according to a company spokesman who rejected reports that potential buyers had backed out of a deal. Talks were underway with several candidates and a decision was likely to be reached soon, the spokesman said.

The Frankfurter Allgemeine Zeitung said U.S. mobile phone maker Motorola had pulled out of talks to buy Siemens' mobile handset operations and that no other company was lining up to take over the business. The spokesman declined to comment on the report.

Siemens is currently losing around 1.5 million euros (approx. U.S. $1.9 million) a day on its mobile phone business, which booked an operating loss of 138 million euros (approx. $177.3 million) in the three months to March.

Siemens, which runs its business year from October to September, sold 9.3 million handsets in the second quarter, down from 12.8 million a year earlier. (AFP, Yahoo Finance)

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows