Thursday, July 28, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Adds Artificial Intelligence Elements To New Smart Camera App
Xiaomi Announces Redmi Pro OLED Smartphone And Mi Notebook Air Laptop
Future Apple Stylus Could Operate as a Joystick
Twitter's Video Advertising Expansion Remains Slow
LG Display Invests KRW 1.99 Trillion in Flexible OLED Display Production
Nintendo Reports First-quarter Loss
Samsung To Release HDR+ Firmware Update for 2016 SUHD TVs
Apple To Invest In AI And AR As iPhone Sales Keep Declining
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > LG snif...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 21, 2005
LG sniffing round Siemens mobile phone biz


South Korean firm LG Electronics is in the frame to buy Siemens' loss-making handset business, according to German business magazine WirtschaftsWoche, by way of newswire AFP.

Unnamed sources say the two companies are locked in talks over the future of the mobile phone business, which lost ?140m (97m) in the fourth quarter of 2004.

According to recent reports, Siemens will close its mobile handset division unless it can find a buyer for the loss-making business, which is the world's fourth biggest handset maker.

Chief executive Heinrich von Pierer is quoted as saying: "Either the situation has to be fixed or we have to find a partner for co-operation. We have to fix, close or sell."

NEC and Chinese manufacturer Ningbo Bird - both linked as possible buyers - have denied any interest in acquiring the business. A decision about the future of Siemens's mobile phone business is expected at the group's annual meeting on 27 January.

For additional information visit www.theregister.co.uk.


Previous
Next
Global digital Music market soared in 2004        All News        'Halo 2' Video Game Sales Hit 6.4 Mln Units
TI integrates cell phone tasks on one chip     Mobiles News      SAMSUNG Introduces World?s First "3-dimensional Movement Recognition" Phone

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Invests KRW 1.99 Trillion in Flexible OLED Display Production
After Samsung, LG Is Also Developing Foldable Displays And Smartphones
LG Electronics Reports High Earnings
LG Electronics To Work On Connected Car Platform With Volkswagen
New LG Projector Creates An 80-inch screen in Short Distance
LG Electronics Releases Mosquito-repelling TV
LG X Power, X Mach, X Style and X Max Fill Out LG's X Series Of Smartphones
LG's Portable Art Speaker Combine Art With Music
LG Sued Companies selling Counterfeit Tone Bluetooth Headsets
LG 5.7-inch Stylus 2 Plus Budget Handset Launches Globally
LG G5 "Friends" LG CAM Plus, LG 360 CAM, LG 360 VR, LG TONE Devices Launch In US
LG's 2016 OLED TV Line Launches At U.S. Retail

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .