Thursday, April 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Introduces Riff And Scrapbook
The White House Targets Cyber Attackers With New Sanctions Program
Uber Files Complaints Against Service Bans
Yahoo Autos Is Launching Today
GoDaddy Enters The Wall Street
Amazon Button for Instant Product Ordering
Sony To Sell Olympus Shares
Tech Industry Enjoys April Fools' Day
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 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
Samsung, LG End Legal Disputes
LG Launches New AKA Smartphones Globally
LG G4 Smartphone Coming Late April
New LG Minibeam Projectors Deliver Portability and Viewing Enjoyment
LG AKA Starts Shipping Outside South Korea
LG to Launch G Note Phablet
LG To Launch New Flagship Smartphone
LG's Products Featured in Italdesign Giugiaro's Gea Concept Car
LG 's 2015 OLED And LED 4K ULTRA HD TVs Now Available in The U.S.
New LG Watch URBANE Has LTE Connnectivity
LG G Flex2 Begins To Roll Out Globally
LG To Focus On Premium TV Market

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .