Feeds

Chip market stability helps Siemens

Sales up as German group tries to put last year’s woes behind it

  • alert
  • submit to reddit

Intelligent flash storage arrays

Siemens saw sales jump 17 per cent for the six-months ended 31 March. The German company recorded turnover of $33.6 billion, against $28.7 billion for the same period the previous year. Pre-tax profit was $764 million, slightly up on last year’s $753 million. The electronics giant said new orders climbed 10 per cent, largely in the second quarter outside Germany. According to a company statement by Dr Heinrich Pierer, Siemens president and CEO, special factors were no longer burdening performance. "Price developments in semiconductors are not as dramatic as in the last fiscal year… and a new miniature cell phone family is enjoying a major market success following its recent introduction." Last year Siemens closed its Tyneside plant due to the oversupply in the microprocessor market. It then announced it was to open a joint chip venture with IBM and France. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.