Siemens Cites Problem With New Phones
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Siemens AG said Friday it anticipates unspecified additional costs from a software problem with new mobile phones that has led retailers to suspend sales.
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Executives at Siemens scrap plans for a 30% pay rise due to fears over the future of its former mobile phone unit.
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Siemens AG, maker of big-ticket industrial goods such as power generators and streetcars, saw profits fall 10 percent in its most recent quarter, the company said Thursday, as its mobile phone and transportation businesses posted losses.
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DÃSSELDORF, GERMANY - Siemens AG has received the green light from operators to offer a patch for a software defect in some of its 65 series mobile phones that could cause hearing damage, the Munich-based manufacturer said Tuesday in a statement.
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German electronics giant Siemens has nothing to announce just yet regarding the fate of its mobile phone activities, chairman Heinrich Von Pierer said.
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Buyers pale at huge debts German administrators have given up in their efforts to find a buyer for the cellphone maker BenQ Mobile, which went bankrupt at the tail end of last year. Almost all jobs will go at the former Siemens outfit, which Taiwanese electronics group BenQ picked up in 2005.â¦
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German telecommunications gear maker Siemens is backing a new kind of broadband wireless technology that will compete with Wi-Fi and 3G cellular services.
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German engineering giant Siemens said it had suspended a number of employees in the ongoing corruption probe as evidence appeared to harden that they might have been involved in possible wrongdoing.
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Instead of trumpeting low prices and new phones in ads, cellphone companies are more and more pointing out their rivalsÂ shortcomings.
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Dumping a rival manufacturer's mobile phone into a glass of water is not the sort of thing Klaus Kleinfeld, who takes over from Heinrich von Pierer at the helm of Siemens on Thursday, is likely to want to be remembered for.
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Major U.S. carriers have long suffered from a blindness about what people want in handsets, but one thing they should know is that two companies that announced "customized phones" this week are on to something.
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BERLIN The German engineering company Siemens said Thursday that its profit fell 10 percent in the fourth quarter as costly product defects led to losses in its mobile phone and train car businesses.
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(InfoWorld) - Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs. The move comes just days after BenQ announced it wouldÂ stop investing in BenQ Mobile, because it saw no end to the losses after already sinking over â¬600 million into the unit. BenQ Mobile, which employs 3,000 workers in Germany, immediately said it wouldÂ file for bankruptcy protection. Newspaper reports cited name calling and legal threats from both Siemens and BenQ in the dispute over the fate of workers at BenQ Mobile, but a BenQ representative said there has been no official contact between the two companies and that much of the talk is mere speculation. On Tuesday, Siemens announced it would set up the employee education and retraining fund, contributing â¬5 million of the sum from a salary increase already approved for Siemens' management, it said in a statement. The German electronics giant said its decision toÂ sell the mobile phone division to BenQÂ provided the greatest possible benefits to employees at the time of the sale, and that closing the business outright would have been a less expensive option. BenQ had presented a credible plan for operating and expanding the mobile phone division at the time of the sale, and Siemens believed it was sincere, the company said. The company expressed shock at BenQ's decision to "put its people on the street." BenQ declined to immediately comment on the jab. Siemens paid BenQ â¬250 million to take the loss-making division off its hands last year, and even agreed to buy a â¬50 million stake in BenQ to solidify the deal. Since then, BenQ Mobile's business has continued to deteriorate as rivals in the mobile phone industry snap up market share. The division caused BenQ toÂ post lossesÂ in each of the past three financial quarters.
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Siemens AG tried Sunday to blunt fierce criticism from politicians, labor unions and the media for unloading its mobile phone business on a Taiwanese company which has failed to keep it afloat.
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The merger between Nokia and Siemens' networking divisions has been postponed due to an ongoing investigation at Siemens over charges of bribery, Nokia said Friday.
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Are we looking for Motorola's problems in all the wrong places?
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A defective component in one of Nokia's flagship business phones has limited availability, the company has acknowledged.