Siemens Mum on NSN Sale Talk

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LeRoy 12/5/2012 | 3:01:43 PM

re: Siemens Mum on NSN Sale Talk Isnt the JV between Nokia and Siemens only 6 months old?

Why would Siemens make a business decision to enter into a JV, and then decide they want out 6 months later? Seems like an expensive do over to me.

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digits 12/5/2012 | 3:01:41 PM

re: Siemens Mum on NSN Sale Talk The key here is the Siemens AG, one of the parent companies, has a new CEO, and he has admitted, bu handing his position on the NSN board over to a colleague, that he knows nothing about the telecom business.

He maybe has his eyes on markets where he thinks his company can dominate, and feels he could do a lot more with the $9 billion or so the NSN stake could fetch.

It's a scenario to watch, for sure, but I would imagine the odds are more in favor of Siemens hanging in there, as it would be a bit early to throw the towel in. That stake could be worth so much more in 18 months...

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bollocks187 12/5/2012 | 3:00:56 PM

re: Siemens Mum on NSN Sale Talk Ray,

Siemens has a really bad record in telecoms - go abck and check the books.

They had a reasonable TDM switch but that is it.

Siemens has made repeated buy-sell flip-flops so the CEO is right to consider axeing this limb.

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