Siemens' mobile unit to post big loss, report

Jan 25 2005 - 01:32 PM ET | Siemens
German newspaper Handelsblatt reported today that Siemens' mobile unit will post a large Q4 2004 loss. Though not a surprise (rumors have been going around a sale of the unit because its cash problems), this is the first time we've seen a number: 141 million euros ($184 million). Siemens will announce its quarterly results on Thursday.