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Siemens will close its mobile handset division unless it can find a last minute buyer, according to the Sunday Telegraph.
Siemens is the fourth largest handset maker by market share it has struggled to make a profit. In the fourth quarter of 2004 the mobile division lost €140m.
The paper reports a final decision will be announced at the Siemens annual general meeting on 27 January.
A spokesman for Siemens declined to comment on the report but confirmed to the Scotsman newspaper that the division's future was under review by chief executive Heinrich von Pierer and that an announcement will be made at the annual meeting.
Von Pierer told Bloomberg: "Either the situation has to be fixed or we have to find a partner for cooperation. We have to fix, close or sell.".
NEC denied it is interested in buying the division. Chinese manufacturer Ningbo Bird also denied interest.
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Posted: 2005-01-17 23:07:46
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Siemens are for sale or just a part of it?
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Posted: 2005-01-17 23:14:04
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By the looks of things it just the Mobile phone part of things.
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Posted: 2005-01-17 23:23:32
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Yes just the mobile division will be sold. I've seen this new a mouth or so ago... BYE siemens quality!
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Posted: 2005-01-17 23:24:42
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they aren't sure yet.
they can sell it, close it or restructure everything over.
i've heard from sources that if siemens would be sold then they'll probably go to Arima, sagem or an asian company
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Posted: 2005-01-17 23:50:00
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Thats a shame, the build quality of simens is excellent
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Posted: 2005-01-17 23:52:00
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good riddance less crappy stuff on the mobile market
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Posted: 2005-01-17 23:55:34
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thats crap then, hope this doesn't go ahead to me Siemens phones are well sturdy I just love them.. if they go how am I going to get my mother used to any other manu uhh,..?
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Posted: 2005-01-18 00:22:44
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im bored wheres this www for this info?
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Posted: 2005-01-21 23:08:20
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@miss uk: I still read the story at www.mobiledia.com a couple of days ago.
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Posted: 2005-01-22 02:46:41
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