Some Siemens divisions, such as power generation, automotive parts and drives, or medical equipment, are world leaders.
Nokia today filed its 20-F financial report for the last fiscal year, in which it reiterated its projections for the next year ahead on device sales and margins for both devices and services, as well as for its Nokia Siemens Networks division.
Others such as business services and communications are languishing".How can one chief executive or one management team oversee all this?" asks Thomas Kitz, an analyst at Merck Finck & Co. Mr Kleinfeld showed his determination to do just that last year by promising to bring the operating margins of each of Siemens' 12 divisions up to a target figure by April 2007.
Take Siemens's energy division, the biggest contributor to its operating profit.
"When an eight-cylinder engine with four valves per cylinder is running at 6,000 r.p.m. there's a lot to do," said Michael Gauthier, director of corporate technology in Siemens's automotive division.
Currently, Siemens, whose 15 divisions in industry, energy and healthcare employed around 405,000 U.S. workers last year, has around 3,200 job vacancies, and Spiegel says that filling them has been no easy task.
Siemens said its nuclear division had had no business with Iran since the 1979 revolution.
Siemens said its nuclear division had done no business with Iran since the 1979 Islamic Revolution, suggesting that the Iranians, who are prohibited from buying nuclear equipment under United Nations sanctions, bought the booby-trapped equipment from third parties.
Motorola has previously said it will sell its network equipment division to Nokia Siemens Networks, a joint venture of Nokia and Siemens, and the transaction is expected to close by the end of the year.
Last month, Nortel signed a deal to sell the profitable division to Nokia Siemens for $650 million.
