Siemens Investing in Internet Cos.
Published:
8 July 1999 y., Thursday
Industrial giant Siemens plans to use profits from the sale of two units to finance acquisitions of U.S. Internet companies, a Siemens spokesman said yesterday. Siemens announced earlier this year it would launch public offerings of stock in its Siemens Matsushita Components, and its semiconductor business, Infineon Technologies, between October and next March. The spokesman did not identify potential buying targets. Siemens has declined to estimate potential profits for the initial public offerings. But analysts value Infineon at between 10-20 billion marks, or $5.5-$11 billion.
Šaltinis:
Siemens
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