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Summary:

Another quarter, another loss. Siemens management is desperately looking for ways to get out of the commoditized handset business, which has become something of a drag on the bottomline. In the most recent quarter, the handset division posted a loss of €138 million as unit sales […]

Another quarter, another loss. Siemens management is desperately looking for ways to get out of the commoditized handset business, which has become something of a drag on the bottomline. In the most recent quarter, the handset division posted a loss of €138 million as unit sales nose dived 27% to 9.3 million. In an earnings conference call, the company confirmed that it is looking at options for the handset unit, including partnerships. The company says it is unlikely to keep a majority stake in the operation. Meanwhile, Acer says it is not interested. Wireless Week suggests Moto-Siemens hook-up.

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  1. huh?

    I thought for sure, the deal they had with skype was going to save them.

    What the heck happened…

  2. Mobile Phones: Still A Hard Nut To Crack – GigaOM Monday, March 3, 2008

    [...] Over past few years I have seen many a big player capitulate and get out of the market. Alcatel, Siemens, and Sendo come to mind. Others like BenQ tried and bit the dust. And the trend [...]

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