It is interesting how Siemens dropped some $2 Billion in gross sales..yet is estimated to have its net profit rise some TEN FOLD..Some attribute it to NETWORKING SALES..Could it be those WCDMA base Stations?
Dow Jones Business News
EARNINGS PREVIEW: Siemens 4Q Net Profit Seen At EUR580 Million
Tuesday November 11, 8:20 am ET
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1304 GMT (Dow Jones) BERLIN--Siemens 4Q net profit seen jumping to EUR580M from EUR53M a year ago as networks division returns to profit, according to average of 15 analysts. Sales seen -9% to EUR19.4B from EUR21.3B. Group profit from operations seen at EUR996M in 4Q, though there's no comparable figure. Analysts to focus on progress at communications, power generation divisions, comments on whether CEO will extend contract and possible announcement of new margin targets for some businesses. Company reports Thu. ( TAM) -0- 11/11/13-00G