Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
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November 27, 2006 — CIO —
German electronics and engineering conglomerate Siemens is discovering that selling products can be much easier than selling parts of the company.
Talks to unload Siemens Enterprise Networks, an unprofitable unit that sells communications equipment to businesses, "are continuing" with several interested parties, but no buyer has been found yet, Siemens spokeswoman Monika Brucklmeier said last week.
The talks are focusing on either selling the unit completely or allowing partners to take a stake, she said.
Since taking over as chief executive officer (CEO), Klaus Kleinfeld has shifted the focus of the German engineering giant away from low-margin manufacturing areas, such as telecommunications equipment, computers and chips, to areas he views as potentially more profitable, including factory automation, power generation and automotive systems.
Siemens Enterprise Networks is one of the low-margin businesses that Kleinfeld wants to sell off.
Brucklmeier declined to confirm a report in the German edition of the Financial Times that claimed talks had collapsed with the buyout companies, Permira Advisers and Apollo Management.
Avaya, Cisco Systems and Nortel Networks are among those rumored to be holding talks with Siemens.
Last year, the German manufacturer ended a long search for a company to take over its unprofitable mobile phone manufacturing unit. It ended up giving Taiwan’s BenQ 250 million euros (US$322 million) to take control of the unit.
In September, BenQ Mobile filed for bankruptcy protection in Germany after its Taiwanese parent decided to stop investing in the money-losing operation.
Since then, Siemens has been under fire by local labor union heads and politicians for unloading a manufacturing business to a company that, they claim, had no real intention of continuing production in Germany.
Earlier this year, Siemens and Nokia agreed to merge their telecommunications infrastructure units into a new joint venture, Nokia Siemens Networks.
-John Blau, IDG News Service (Dusseldorf Bureau)
Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.
© 2008 CXO Media Inc.
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