Entries tagged "Siemens"
Back in September German copy machine maker Triumph-Adler AG caught employees at one of its biggest units scheming to set up their own company to lure away customers. The scandal was soon eclipsed by the global financial crisis, and the news that Germany, along with the euro-zone economies, was in a recession. ...
Investors are as eager as Infineon AG for it to sell its Qimonda AG memory chip division. They pushed shares of the German chipmaker up for a second consecutive day Wednesday, after a Tuesday report in Digitimes said Qimonda would soon be peddled to American rival Micron Technology Inc. After climbing 5.95% Tuesday, the shares traded slightly higher at €6.28 amid a negative Dax index. ...
The writing has been on the wall for years. Computer makers are suffering from waning profits as their products have become a low-cost commodity, forcing industry players to rethink their participation in the sector. IBM Corp. left the industry in 2004 with the sale of its computer business to China's Lenovo Group Ltd. while Hewlett-Packard Co. acquired rival Compaq Computer Corp. in 2001, and Gateway Computer Corp. was acquired by Acer Inc. in 2007. ...
