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Siemens Mobile Looks For Savior |
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Siemens Mobile Looks For Savior
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By Allen Tsai | Mon Jan 17, 2005 11:28 pm |
After cutting 5,000 jobs, Siemens Mobile is prepared to leave the phone industry due to struggling profits and the increasingly competitive marketplace. Being the fourth largest phone manufacturer with 7.6% market share, Siemens is looking for a joint partner, much the Sony Ericsson agreement, to save its struggling division rather than abandon it completely.
Heinrich von Pierer, Siemens CEO, said earlier, "Either the situation has to be fixed or we have to find a partner for cooperation. We have to fix, close or sell."Rumors have circulated that Japanese electronics company NEC and Chinese manufacturer Ningbo Bird are interested, however both have denied such allegations. Siemens will announce its final decision on January 27 following its annual meeting.
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Tue Feb 07, 2012 4:17 pm | By
Countries and companies all over the world are celebrating Safer Internet Day today, discussing how to keep children safe online and launching new products to support the effort.
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Tue Feb 07, 2012 3:59 pm | By
Hacking group Anonymous demanded payment for stolen Symantec source code, an atypical move undermining the collective's ideological approach to hacking.
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Tue Feb 07, 2012 3:30 pm | By
Google faces new malware attacks in the Android market just days after announcing increased security, casting doubt on whether the open-source format can ever be truly safe.
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Tue Feb 07, 2012 3:00 pm | By
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Tue Feb 07, 2012 2:31 pm | By
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More Phones: Siemens |
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