Siemens To Unveil Guideline On Mobile Phone Future Wednesday

FRANKFURT -(Dow Jones)- Siemens AG (SI) will present "a guideline" Wednesday on the solutions most appropriate for its loss-making mobile phone unit, Siemens spokesman Wolfram Trost said Monday.

Siemens is scheduled to issue its second-quarter results Wednesday in Lisbon. It has said it's looking into four options for the future of its mobile phone unit: fix, sell, partner or close.

Although German media reports over the weekend and Monday speculated that the German engineering giant is in advanced talks with an alliance partner, Trost said that "we're not going to present a partner Wednesday."

Earlier Monday, Taiwan's Acer Inc. (2353.TW), identified by German media as one of the speculated alliance partners together with Motorola Inc. (MOT) of the U.S. and Canada's Nortel Networks Corp. (NT), dismissed any involvement in Siemens' mobile phone unit.

Company website:http://www.siemens.com -By Joon Knapen,
Dow Jones Newswires; +49-69-29725509; joon.knapen@dowjones.com

(END) Dow Jones Newswires"

Posted to the site on 25th April 2005