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Article: SIEMENS CONTINUES TO DO MOBILE PHONE BUSINESS
- Article from:
- AsiaInfo Services
- Article date:
- August 4, 2004
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
08-04-2004
Siemens Continues to Do Mobile Phone Business
CHINA, Aug 04, 2004 (SinoCast via COMTEX) -- Nokia, the mobile phone industry leader, waged a price war and Siemens itself did not roll out the new type of phone in time, so Siemens' mobile phone business suffered Euro 88 million losses in the second quarter this year.
The CEO of Siemens states that he strongly believes that the company's mobile phone business will be able to make profit in this quarter. In the immediate future, the two large communication business divisions of the company will be integrated, so the operating cost will be reduced. However, he also says that the annual 10 per cent to 15 per cent ...