Siemens aims to beef up reserves for acquisitions

Article Abstract:

Siemens AG is increasing the amount of nominal acquisition capital it can produce to 500 million marks ($297.2 million). In 1998, Siemens' shareholders gave their approval to the company increasing its capital by 150 million marks. Siemens has yet to use the funds. The shareholders will be asked to approve an additional 350 million marks in capital during a shareholder meeting in March 1999.

Comment:

Increasing the amount of nominal acquisition capital it can produce to 500 million marks ($297.2 million)

Electronics industry

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Siemens to grow without acquisitions

Article Abstract:

Worldwide conglomerate Siemens AG has announced several key management decisions that are expected to dramatically increase sales. The company will not seek to be involved in a large-scale merger. Performance-based stock options will be used as an incentive towards management performance.

Strategy & planning, Sales, profits & dividends, Forecasts, trends, outlooks, Management dynamics

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Siemens to join all its businesses electronically

Article Abstract:

Siemens AG will spend up to 1 billion euros over the next 18-month period in order to electronically link all of its businesses. The company is attempting to reduce costs by using the Internet.

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