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LG Interest in Siemens Mobile |
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LG Interest in Siemens Mobile
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By Allen Tsai | Thu Jan 20, 2005 2:27 am |
Since Siemens announced it plans to abandon the cell phone market, it has been accepting offers from rivals companies to sell off its mobile phone division. Perhaps the most interested may be Korean manufacturer LG Electronics; however there have been conflicting reports.
Initially German news source, WirtschaftsWoche, reported LG and Siemens were in ongoing negotiations regarding the sell off of Siemens' sluggish division. However LG released a response stating:"We have never been in such talks with Siemens," "We have no interest in acquiring the Siemens handset unit." With increasing competition and falling prices, Siemens has been slow to keep up. Plans for Siemens Mobile are still uncertain; however final decisions will be unveiled at the upcoming shareholders meeting on January 27.
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Wed Feb 01, 2012 1:54 pm | By
LG Electronics' handset sales improved, gaining traction in the smartphone market despite the company's overall loss, as the company's strategic turn towards upscale smartphones faces stiff competition.
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Mon Jan 23, 2012 10:27 am | By
Connected refrigerators, ovens, and washer-dryers offer another direction for the burgeoning app market to expand, as well as a new field for tech rivals to compete in.
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Thu Jan 12, 2012 4:03 pm | By
LG signed a patent agreement with Microsoft, joining tech companies that agreed to pay licensing fees for Android-powered devices.
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Mon Jan 09, 2012 3:53 pm | By
LG unveiled several smart home appliances at CES, including a refrigerator that helps people keep track of their diets, showcasing the company's plans to appeal to an increasingly connecting customer base.
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Mon Jan 09, 2012 3:13 pm | By
Verizon will release the LG Spectrum, a 4G-capable handset, on January 16 for $200 with two-year contract, as it moves into the high-end of the smartphone market.
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More Phones: LG | Siemens |
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