
Oh great...
Just when my F-S laptop is beginning to go a little wayward and in need of repair, the company sells up!
Siemens is selling its 50 per cent stake in Fujitsu-Siemens Computers to Fujitsu. Fujitsu is paying €450m for the half share, and the deal is expected to close 1 April 2009. During negotiations FSC's president and CEO Bernd Bischoff resigned for personal reasons - he will be replaced by current CFO Kai Flore. The deal will …
How long before THIS 'joint venture' - with it seems, the majority of the new middle management not wishing for us Brits to mention the war or 1966, goes tits-up. Seen the operating margin recently? Pants!
<<Operating loss in Nokia Siemens Networks was EUR 1 million (EUR 120 million), representing an operating margin of 0% (-3.3%). >>
As an aside, from Nokia's Investor pages, the following gem leaps up:
...The planned reorganization is estimated to have an **impact** on approximately 130 NRC employees globally, of which a maximum of 100 are in Finland....
IMPACT?? Yep, had that awhile ago, when made redundant. It means a smack in the bollocks with a very large hammer. Now, that's quite an **impact**.
Siemens going back into heavy machinery? Tanks, artillery, maybe?