Feeds

Siemens chip business best bit

Fujitsu Siemens poses other questions

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Siemens has turned in some results for its fiscal Q1 (to 31 December) which look very good from a headline viewpoint ("nearly doubles earnings in first quarter") but they don't tell us anything about the financial health of Fujitsu Siemens, in which Siemens holds 50 per cent. The deconsolidation of cable units, Siemens Nixdorf retail and banking systems and the PC business resulted in lower product sales for Siemens, but saw earnings before tax and interest rise to 189 million euros from the previous 43 million euros. Siemens still has an information and communications networks segment that is busy with mobile telephone sales, which were 11 million last year and are expected to be 30 million this year. The small Siemens services business made a small pre-tax-and-interest profit of 10 million euros after a loss of 22 million euros in the previous quarter. Infineon remains the most profitable Siemens group, yielding 245 million euros for the quarter on revenue of 1.8 billion euros. The former semiconductors group will be the subject of a further report on Friday, with the probability that between 25 and 30 percent will be put on the market in March, although this has not yet been finally decided. So far as the Fujitsu Siemens business is concerned, 1.11 million business and consumer PCs were shipped in the first three months of the joint operation (ending 31 December). Sales were strong in France, Italy and the Netherlands, but in the UK, although there was "some growth" there were "unfavourable market conditions in the corporate segment". With only percentage increases in sales being disclosed, and some information from just one quarter of combined operations, it is too soon to see whether the joint company is making any real progress in its avowed ambition to be the number one computer company in Europe by 2001. New products are being lined up for announcement at Cebit (at the end of February this year), with the company hoping to get 250 million euros of sales there. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.