Siemens N Ord Share Discussion Threads

[waldron] 16/7/2008 06:31

Siemens "overweight," target price reduced
07/15/08 - J.P. Morgan Securities
LONDON, July 15 (newratings.com) - Analysts at JP Morgan maintain their "overweight" rating on Siemens AG (SIE), while reducing their estimates for the company. The target price has been reduced from €100 to €93.

In a research note published this morning, the analysts mention that the company is expected to outperform the sector going forward on account of the expanding Energy and Healthcare business and the group's robust backlogs. The downward revision in the EPS estimates reflects a more conservative outlook for the Industry and the incorporation of the charges associated with additional efficiency initiatives announced in the previous week, the analysts add. The adjusted EPS estimates for 2008 and 2009 have been reduced from €5.48 to €5.02 and from €7.32 to €6.83, respectively.

[waldron] 02/12/2007 19:02

Siemens' wind power division to increase FY sales by over 30 pct - division head




FRANKFURT (Thomson Financial) - Siemens AG expects to increase sales from
its wind power division by significantly more than 30 pct in the current
business year, division head Andreas Nauen told weekly Euro am Sonntag.
He expects the division's EBIT margin to reach a double digit level this
year after about 9 pct last year.
"We are continuing to win market share. By 2011 we want to be one of the top
three in the industry," Nauen said, pointing to the construction of off-shore
wind parks as a field of promising opportunities.

[e-mail]
jcs/jlw

[ariane] 23/9/2007 17:17

Siemens France chief says wants to keep Areva role but open to new structure


PARIS (Thomson Financial) - Siemens AG wants to remain involved in Areva but
is open to the idea of a new organisation for the French nuclear power group in
response to market changes, Siemens France CEO Philippe Carli told French public
radio service RFI.
Carli said if the sector moves towards greater integration from upstream
uranium mining down to waste recycling, "we will have to consider if there could
be a different way of organising the Areva group."
But he stressed that Siemens and Areva are working "with a long term
perspective and not at all like what is being written at the moment".
The French press has reported in recent weeks that president Nicolas Sarkozy
is pushing for Siemens to exit Areva in order to enable a three-way tie-up
between the state-owned nuclear power group, engineering company Alstom and
conglomerate Bouygues.
Siemens reiterated this month its intention of maintaining its joint venture
with Areva.
Siemens currently has a 34 pct stake in Areva NP, which develops nuclear
reactors. Areva has an option allowing it to buy Siemens' stake between January
2009 and January 2012.
[e-mail]
gt/jag

[ariane] 11/9/2007 13:43

Siemens says it wants to keep stake in Areva NP


FRANKFURT (Thomson Financial) - Siemens AG plans to keep its stake in the
Franco-German joint venture Areva NP, a Siemens spokesman told French news
agency AFP.
Earlier this week, media reports suggested that the French government is
aiming to make the joint venture a wholly owned French company.
Siemens currently holds 34 pct in the joint venture with Areva.
Areva is expected to indicate in January 2009 whether it wants to exercise
an option allowing it to buy Siemens' share in Areva NP.
This option is available until January 2012.
Yesterday, German chancellor Angela Merkel told Sarkozy in talks Berlin that
she favours a continued cooperation between Siemens and Areva.

[e-mail]
afp/cs1/mas/ejp

[ariane] 10/9/2007 08:36

Siemens Ag Siemens' former anti-corruption manager sues company


MUNICH (Thomson Financial) - Siemens AG's former anti-corruption manager
Albrecht Schaefer has filed a suit at the Munich labour court against his
dismissal, Financial Times Deutschland reported, without saying where it got the
information.
Schaefer was dismissed by Siemens last September after he was accused of not
having informed the executive board and the supervisory board duly and
sufficiently about corruption in the company, the newspaper said.
However, Schaefer's attorney denied these claims, saying Schaefer had
informed the company about "systematic" irregularities, the newspaper quoted him
as saying.
Before he became anti-corruption manager, Schaefer was head of Siemens'
legal department.
Hearings are scheduled to begin on Sept 24.
[e-mail]
cs1/mas/slm

[ariane] 10/9/2007 07:58

Sarkozy aims for Siemens to sell 34 pct Areva NP stake


BERLIN (Thomson Financial) - French president Nicolas Sarkozy plans to force
Siemens AG to divest its 34 pct stake in joint venture Areva NP, making the
nuclear power plant builder a wholly-owned French company, Sueddeutsche Zeitung
reported, citing sources.
He is aiming for the French company to take over the stake, a step which can
only be carried out practically in 2012 at the earliest due to contractual
limitations, the newspaper said, citing Areva.
However, it is unlikely that the company's 4,000 jobs in Germany will be
transferred, it reported, citing an Areva spokesman in Erlangen.
Sarkozy will inform the German shareholder before initiating a takeover, the
newspaper said, citing a spokesman.
Areva NP is a joint venture between Siemens and Areva, which specialises in
building nuclear power plants. It currently employs about 16,000 people in
France, Germany and the US, the newspaper reported.
[e-mail]
cs1/mas/cm2

[waldron] 10/8/2007 10:43

Siemens Ag Siemens to fine-tune guidance policies by giving forecast range for EPS - CFO


FRANKFURT (Thomson Financial) - Siemens AG intends to provide more precise
guidance to the markets going forward, amending its policies by giving a
forecast range for full-year EPS,
chief financial officer Joe Kaeser told Boersen-Zeitung in an interview.
Reacting to the recent fall in Siemens shares after third-quarter results
failed to meet high market expectations, he told the newspaper: "After two
quarters above expectations, the market was hoping for a third one."
In future, the full-year EPS guidance will be fine-tuned as the year
progresses, he added.
"Siemens has a decentralised structure and it was difficult in the past to
give an outlook for the whole company," he said.
There are periods, such as the ongoing quarter, where uncertainties exist.
"These surprises need to stop," he added.
Kaeser also commented on the Dade Behring acquisition, saying Siemens
expects the company to contribute to business for the first time in 2013.





[e-mail]
cs1/mog/jms

[ariane] 26/7/2007 05:29

Siemens Ag OUTLOOK Siemens Q3 EBIT seen up 57 pct as power operations boost profitability


FRANKFURT (Thomson Financial) - Siemens AG is expected to report today a 57
pct rise in its third-quarter operating profit after its power businesses and
building technologies unit boosted their profitability.
Earnings before interest and tax will likely rise to 1.935 bln eur from
1.231 in the previous year, according to the average forecast of six analysts
polled by Thomson Financial News.
Sales are likely to soar by 10 pct to 20.555 bln eur from 18.689 bln eur,
the analysts' average showed, while net profit is expected to increase 3 pct to
1.385 from 1.344 in the previous year.
Close attention will also be paid to the company's medical and automation &
drives segments as well as the possible sale of Siemens VDO Automotive, analysts
added.
According to sources, Continental AG has raised its bid for the unit to
about 11 bln eur from 10 bln eur, after Siemens received three bids in the past
by companies such as KKR and Permira.
On July 25, Siemens's supervisory board will discuss whether to sell its
automotive electronics unit or to offer shares in an initial public offering,
which is considered the company's favoured option.
Analysts will also look at the amount of free cash flow for the divisions
and for the company, which will be announced by Siemens's chief financial
officer Joe Kaeser.
"In recent years, Siemens' cash flow has been both opaque and
disappointing," Deutsche Bank analysts wrote in a statement.
"We will be watching with interest to see whether (Kaeser) is also managing
to improve the actual cash flow," the Deutsche Bank analysts added.
Cash flow shows the real availability of money and is therefore a good
indicator of the company's performance, analysts said.
Siemens is also continuing its "Fit for 2010" program which aims to cut
costs and raise the company's efficiency. The program was introduced as a
follow-up action to the "Fit4More" program, which envisaged savings of 1.5 bln
eur between 2005 and 2007.
Apart from creating savings, "Fit for 2010" is designed to reduce Siemens's
complex structure.
Siemens has already undergone structural changes with the appointment of new
chief executive Peter Loescher succeeding Klaus Kleinfeld.
The company has been under formal investigation by the US Securities and
Exchange Commission for allegedly setting up slush funds in the company.
Kleinfeld and former supervisory board head Heinrich von Pierer came under
pressure as a result of these payment allegations.
Loescher, who came into office in July, said at his inauguration in Berlin
that "the board will provide clarity and restore the confidence in our company".
The prospects of an IPO of the VDO unit might have helped for the rise of
Siemens shares since the slush-fund scandal came to light on November 15, 2006.
However, uncertainty remains about the prospects of Nokia Siemens Network
joint venture which started on April 1, analysts said, as external market
conditions may have a negative impact.

[e-mail]
cs1/mas/cs1/ejp

[grupo guitarlumber] 19/7/2007 09:06

Siemens Ag OUTLOOK Siemens Q3 EBIT seen up 57 pct as power operations boost profitability


FRANKFURT (Thomson Financial) - Siemens AG is expected to report next
Thursday a 57 pct rise in its third-quarter operating profit after its power
businesses and building technologies unit boosted their profitability.
Earnings before interest and tax will likely rise to 1.935 bln eur from
1.231 in the previous year, according to the average forecast of six analysts
polled by Thomson Financial News.
Sales are likely to soar by 10 pct to 20.555 bln eur from 18.689 bln eur,
the analysts' average showed, while net profit is expected to increase 3 pct to
1.385 from 1.344 in the previous year.
Close attention will also be paid to the company's medical and automation &
drives segments as well as the possible sale of Siemens VDO Automotive, analysts
added.
According to sources, Continental AG has raised its bid for the unit to
about 11 bln eur from 10 bln eur, after Siemens received three bids in the past
by companies such as KKR and Permira.
On July 25, Siemens's supervisory board will discuss whether to sell its
automotive electronics unit or to offer shares in an initial public offering,
which is considered the company's favoured option.
Analysts will also look at the amount of free cash flow for the divisions
and for the company, which will be announced by Siemens's chief financial
officer Joe Kaeser.
"In recent years, Siemens' cash flow has been both opaque and
disappointing," Deutsche Bank analysts wrote in a statement.
"We will be watching with interest to see whether (Kaeser) is also managing
to improve the actual cash flow," the Deutsche Bank analysts added.
Cash flow shows the real availability of money and is therefore a good
indicator of the company's performance, analysts said.
Siemens is also continuing its "Fit for 2010" program which aims to cut
costs and raise the company's efficiency. The program was introduced as a
follow-up action to the "Fit4More" program, which envisaged savings of 1.5 bln
eur between 2005 and 2007.
Apart from creating savings, "Fit for 2010" is designed to reduce Siemens's
complex structure.
Siemens has already undergone structural changes with the appointment of new
chief executive Peter Loescher succeeding Klaus Kleinfeld.
The company has been under formal investigation by the US Securities and
Exchange Commission for allegedly setting up slush funds in the company.
Kleinfeld and former supervisory board head Heinrich von Pierer came under
pressure as a result of these payment allegations.
Loescher, who came into office in July, said at his inauguration in Berlin
that "the board will provide clarity and restore the confidence in our company".
The prospects of an IPO of the VDO unit might have helped for the rise of
Siemens shares since the slush-fund scandal came to light on November 15, 2006.
However, uncertainty remains about the prospects of Nokia Siemens Network
joint venture which started on April 1, analysts said, as external market
conditions may have a negative impact.

[e-mail]
cs1/mas/cs1/ejp

[waldron] 26/6/2007 11:00

Norsk Hydro Asa Siemens, Norsk Hydro to cooperate on floating wind turbines UPDATE
Date : 26/06/2007 @ 10:53
Source : TFN


Norsk Hydro Asa Siemens, Norsk Hydro to cooperate on floating wind turbines UPDATE


(updating to add plans for location of demonstration turbine)
FRANKFURT (Thomson Financial) - Siemens AG said it will cooperate with
Norwegian energy company Norsk Hydro ASA on technology to develop floating wind
turbines.
No financial details were disclosed.
Siemens will deliver the first wind turbine based on Norsk Hydro's Hywind
concept for a demonstration unit off the coast of Norway, Siemens said in a
statement.
Floating offshore turbines, as opposed to ones that are anchored, could be
installed at sites with greater water depth.
Hydro currently has a license to place a demonstration turbine offshore near
Karmoy, an island in the southwest of Norway.
The company is also considering placing the turbine near an oil installation
to supply it with renewable energy, according to Siemens' statement.
[e-mail]
mas/jsa/mas/gp

[waldron] 26/6/2007 06:44

Siemens "outperform," target price raised

Monday, June 25, 2007 10:23:46 AM ET
Credit Suisse

LONDON, June 25 (newratings.com) - Analyst J Mitchell of Credit Suisse maintains his "outperform" rating on Siemens (SIE.ETR), while raising his estimates for the company. The target price has been raised from €100 to €111.

In a research note published this morning, the analyst mentions that all of the company's divisions, except Lighting, have indicated towards robust demand growth prospects. Over the remaining part of the year, Siemens' earnings momentum is expected to remain favourable and cash flow is likely to begin improving, the analyst says. The EPS estimates for 2008-2009 have been raised by 6%.

[knowing] 25/6/2007 22:54

Siemens Medical Solutions Diagnostics Receives Pinnacle Award from Premier


(WebWire) 6/25/2007 11:33:20 AM

Related Topics
• Health Care/Hospitals
• Medical/Pharmaceuticals
This morning, Premier Inc., one of the nation's largest Group Purchasing Organizations (GPO), announced that Siemens Medical Solutions Diagnostics was one of 13 winners chosen for the Pinnacle Award, out of 720 eligible suppliers, representing the top two percent of healthcare equipment suppliers.







The winners of the annual Pinnacle Award were announced at the 2007 Premier Annual Breakthroughs Conference and Exhibition being held at the Swan and Dolphin Hotel in Orlando, Florida.







The Pinnacle Award honors elite suppliers that strive for performance excellence and operational efficiency as well as meet and exceed Premier's and its members' expectations on a consistent basis. Winners consistently achieved data scorecard ratings of 95 percent or higher during four successive quarters based on performance data collected throughout the year as well as passed an on-site evaluation by Premier staff.







"This award represents dedication to our customers as well as our collaborative efforts to improve the future of healthcare," said John Nosenzo, senior vice president and general manager, Americas Region, Siemens Medical Solutions Diagnostics. "We are extremely proud to be selected amongst an elite group and look forward to continuing our strong relationship with Premier."







Siemens provides Premier's membership with a complete line of immunoassay, chemistry, automation, molecular, blood gas and urinalysis solutions including:







-- ADVIA(R) Chemistry Systems - ADVIA 2400, 1800, and 1200







-- Immunoassay Systems - ADVIA Centaur(R) and IMMULITE(R) product families







-- Automation Solutions - ADVIA WorkCell(R) and ADVIA LabCell(R)







-- Urinalysis Products - ADVIA Urinalysis WorkCell, CLINITEK(R) Atlas, Advantus and Status urinalysis instruments, and Mulistix(R) urinalysis reagent products







-- Molecular Products - VERSANT(R) System 340 bDNA Analyzer and reagents, TRUGENE(R) HIV-1 Genotyping Kit and OPENGENE(R) DNA Sequencing System







-- Blood Gas Products - RapidLab(R) 1200 Series as well as RapidLab 800/248/348 analyzers, RapidPoint(R) 400/405, and RapidLink(TM) and RapidComm(TM) Information Management System(s)

[ariane] 04/6/2007 09:35

Areva Greepeace halts Olkiluoto reactor protest after meeting with EU's Piebalgs


PARIS (Thomson Financial) - Greenpeace said it has ended its occupation of a
crane at the Olkiluoto nuclear reactor site in Finland following a meeting
between representatives of the campaign group and Andris Piebalgs, the EU energy
commissioner.
Greenpeace protesters remained atop the crane all last week to draw
attention to a call for publication of a list of 1,000 alleged quality breaches
at the site since 2005.
"The meeting went well. He agreed there should be more transparency and
openness. The last three activists have come down and are safe," Kaisa Kosonen,
head of Greenpeace's Nordic energy campaign, said afterwards.
Work on the 3.3 bln eur Olkiluoto 3 reactor, being built for TVO by Areva
and Siemens AG, is 18 months behind schedule.
The reactor is the first of Areva's third-generation European Pressurized
Water model to start being built and is the only nuclear plant under
construction in Europe.
[e-mail]
an

[ariane] 24/5/2007 08:12

Siemens could raise Areva stake - France head


PARIS (THOMSON FINANCIAL) - Siemens is interested in raising its stake in
Areva should the French government decide to sell all or part of its holding in
the nuclear group, said Siemens France head Philippe Carli.
"Nuclear energy remains an activity of high strategic interest for Siemens,"
he said in an interview with Challenges magazine.
Siemens currently holds 34 pct of Areva.
On Monday, newsletter La Lettre de L'Expansion reported, without naming
sources, that the government is planning to sell 35-40 pct of Areva at the start
of 2008.


[e-mail]
afp/jms

[waldron] 19/12/2006 09:34

Siemens Ag Siemens fraud probe could hit co's rating if impact on planning spreads - S&P


LONDON (AFX) - The ongoing embezzlement investigation at Siemens'
telecommunications unit
could impact the company's credit rating if the impact of the probe on its
development plans spreads, said Standard & Poor's.
For the time being, however, the ratings and outlook on the German
industrial conglomerate remain unchanged, the agency said in a statement.
Siemens is currently reviewing about 420 mln eur in past payments to
contractors to verify their legality, S&P noted.
That, and the impact of the delayed start of Siemens' telecoms system joint
venture with Nokia Corp until later in the first quarter of 2007, is currently
limited.
However, negative rating implications could arise "should further
development significantly impair the company's strategic execution, competitive
position and business performance, or its financial position," S&P said, adding
that it will monitor developments closely.



[e-mail]
jms

[grupo guitarlumber] 19/11/2006 15:17

Siemens fraud five times bigger than thought - reports

BERLIN (AFX) - A massive slush fund fraud robbed German engineering and
electronics giant Siemens AG of some 100 mln eur, five times the original
estimate, according to press reports.
The weeklies Der Spiegel and Focus said in their editions to be published
Monday, quoting Munich prosecutors, that at least this amount was paid out from
the company's telephones division in a bid to secure contracts.
On Thursday, police arrested five people including a former divisional
manager after raids on Wednesday at more than 30 Siemens offices, the Munich
prosecutor's office said.
A total of 12 people are being investigated on suspicion of using company
money to pay bribes to win contracts, channeling the cash through foreign bank
accounts, mainly in Switzerland.
They included a contract for security systems at the Athens Olympic Games in
2004.
The raids on Wednesday involved about 270 tax inspectors, police officers
and investigating magistrates who searched sites in the company's headquarters
in Munich as well as the German city of Erlangen and sites in Switzerland.
The investigation adds to a difficult period for Siemens, which is under
fire for its perceived role in the collapse of German mobile phone maker BenQ
Mobile as well as being linked to other alleged corruption cases.
[e-mail]
afp/jfb/abr

[waldron] 14/11/2006 14:01

Iran, Siemens sign 450 mln eur train deal

TEHRAN (AFX) - Iran and Germany's Siemens have signed a deal worth 450 mln
eur to build 150 locomotives for the Iranian railway network, the official news
agency IRNA reported.
The deal envisages the import of 30 fully built locomotives to Iran in the
first phase and construction of 120 more in Iran over a six-year period.
Siemens inked the deal with Iran Power Plant Projects Management Company,
which will stump up 150 mln eur of the investment while the German firm's share
is 300 mln.
The contract also requires Siemens to transfer technical know-how to Iran in
10 years.
The deal is Iran's biggest joint venture in its rail transport industry,
increasing the country's locomotive fleet by 50 pct and its passenger capacity
by 100 pct.
Germany is one of Iran's major business partners among industrialised
countries.
[e-mail]
afp/joy

[psuedoname] 09/7/2002 14:54

I see one of the big banks downgraded their forecast on this co. to 50 euro.

[moonblue] 09/7/2002 13:54

some bad news today