EETimes is reporting that Siemens will be seperating their mobile division from the main company, although they will retain the Siemens name.
“Siemens CEO Klaus Kleinfeld announced the transformation of the mobile device division into an independent company during a press briefing here. Besides mobile phones, Siemen wants to outsource cordless DECT phones, set-top boxes and other consumer appliances from the new group.
Siemens will soon introduce further cost reductions and new mobile phone models. The market has already reconsidered the mobile unit’s position, concluded Kleinfeld, adding that the struggling division reported a positive book-to-bill ratio last month.”
Read more at EETimes
