Siemens Will Hold On To Phone Unit

According to Slashphone, an official with Siemens China told China Daily that they have no plans on selling their cell phone unit.

“Our company is working on a reshuffle for the unit and new strategies will be introduced to help reverse the handset business,” said the official who refused to be named.

“We are not going to sell the unit, but are seeking co- operation,” he said. The official did not disclose a timeframe for the unveiling of the new strategies.

Rumors circulating around the web suggest that Siemens are in negotiations with several companies including NEC and Motorola. Our take – they will sell soon.

Read more at Slashphone

Found VIA Gizmodo