SGL Carbon shares drop on warning

Article Abstract:

SGL Carbon AG shares fell 11% following announcement that its 1998 profits could fail to deliver a dividend to its shareholders. Shares of the German-based company, which produces graphite and carbon products, dropped 15.50 marks to 120 marks after SGL said that an additional fourth quarter charge could likely jeopardize its ability to deliver a dividend to its shareholders. The charge will come from SGL's plan to close a graphite electrode plant by the end of 1998. However, analysts assured they will not reduce their "neutral" ratings on the specialty stock. Analysts are confident that SGL's restructuring strategy will result in better earnings in 1999.

Comment:

Shares drop 11% following announcement that its 1998 profits could fail to deliver a dividend to its shareholders

Carbon and Graphite Product Manufacturing, Graphite & Carbon Electrodes, Electrodes, SGL Carbon AG, Article

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Siemens is seen providing details of restructuring

Article Abstract:

Siemens AG is to announce management decisions concerning the company's semiconductor business. Possibilities include additional layoffs and the closing of semiconductor plants. Siemens has already made public its intention to drop out of the components-manufacturing industry.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Semiconductor industry, Management, Abstract, Siemens AG

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Biotech firms in Germany consider IPOs

Article Abstract:

Germany biotechnology companies are considered initial public offerings as a means to replenish funding after a drought in such practices.

Europe, Biotechnology industry, Biotechnology industries, Finance, Securities, Going public (Securities), Initial public offerings, Company securities, Company public offering, Company financing

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