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Restructuring within the Siemens AG continues: Fujitsu Siemens Computers is the latest case of the new strategy of Siemens CEO Peter Löscher. Under the pressure of a global economic turn down Fujitsu Siemens announced that it's acquiring beleaguered Siemens AG's 50 percent share of the joint venture for 450 million Euro (about $580 m). The partnership established in 1999 should be dissolved by April 2009, assuming of course government approval.
(Source: www.forbes.com)
soon there is no SIEMENS brand in any household. Gigaset will keep the Siemens brand for two years, FSC´s end comes next spring...what about the home applliances, are they next?