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Author: seansan Three stars, 500 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 243  
Subject: Results are in Date: 4/26/2001 9:15 PM
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The quarterly results are in. As expected, it's a mixed plate:

http://www.siemens.com/page/1,3771,230926-1-999_4_0-0-pressIndex_0_bereichChoice_999,00.html

Power Generation, Medical, and Transport did well. IC Mobile and IC Networks took a not-unexpected hit. Siemens drew ahead of Ericsson in handsets, but their margins took a similar unpleasant turn. I fear that Nokia cannot be defeated in this area any time soon, if ever.(In truth, I don't fear it, as I hold a large Nokia position...but you get the point.)

I've been following Siemens for a little while now and I've come to some conclusions. First, I like them. I'm planning a share purchase soon, but I'm unsure when. I'd prefer a price a little closer to $100. Second, their diversity is a blessing. Business goes through cycles, and their wide portfolio of businesses gives them wide growth potential in many different enviornments(including this one). Third, if they can better integrate their many spheres of influence into a more cohesive whole, their global prowess could prove great indeed.

I also found this excerpt that Cor may have interest in:

<<Transfer of Infineon tranche to Siemens pension trust
Siemens is transferring up to 94 million Infineon shares to the Siemens pension trust. The trust is a separate legal entity which manages the assets covering the pension obligations of Siemens AG and its German subsidiaries. After this transfer, approximately 56% of Infineon shares will be held by Siemens AG, 15% by the Siemens pension trust and 29% distributed among institutional and private investors.>>

http://www.siemens.com/page/1,3771,230924-1-999_4_0-0-pressIndex_0_bereichChoice_999,00.html

So I may soon be an Infineon shareholder as well:)

I did obtain an Infineon Annual Report recently as part of my Siemens research. They are also a somewhat impressive company, but unfortunately enjoying the current market disfavor of chip stocks. But still...A 1-Gigabit chip being produced with IBM? The M-GOLD - a dual mode UMTS/GSM chip? I really like the potential here.

When I buy Siemens, I'll be buying a tech company - mobile phones, networks, chips, automation, logistics....I'll also be buying a non-tech, growth company - power generation, transport(trains!), medical, lighting....

The best of both worlds? I'll give it a go.


seansan



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