Siemens AGOTCPK - Current
Wed, Dec. 7, 11:56 AM
- Siemens (OTCPK:SIEGY +2.6%) says it is targeting double-digit growth at its software, digital services and cloud platforms over the next three years.
- Newly appointed CTO Roland Busch says the company plans to increase R&D investments by €300M in FY 2017 to ~€5B.
- Siemens' digital services business amassed more than €1B in revenues in FY 2016 while revenue at its software solutions unit totaled ~€3.3B, together up ~12% Y/Y.
Mon, Nov. 28, 1:07 PM
- Siemens (OTCPK:SIEGY -1.5%) is well placed to do business in the U.S., regardless of whether Pres.-elect Trump backs fossil fuels at the expense of renewable energy, CEO Joe Kaeser says.
- "We can offer everything: Steam power plants that are powered by coal, state-of-the-art gas-fired power plants, wind energy... we can build solar parks and the necessary link to the power grid," the CEO said in a weekend interview.
- Kaesar also says there is little left to do to prepare for the planned public listing of its $15B healthcare business, saying "we have a lot of practice," referring to lighting group Osram, which was spun off by Siemens in 2013 and in which it still holds a 17% stake.
Tue, Nov. 22, 6:01 PM
- Results – revenue $322.51M (+11% Y/Y, $13.08M above estimates), EPS $0.50 ($0.09 above estimates), gross margin 84.9% (+340 bps Q/Q), operating expenses $202M (unchanged Y/Y)
- Dividend – $0.055 per share payable January 3 to shareholders on record December 8
- Other developments – No conference call to be held and all guidance withdrawn due to merger agreement with Siemens (OTCPK:SIEGY) [expected to close Q2 2017].
- Mentor Graphics (NASDAQ:MENT) chairman and CEO Walden Rhines: "Book to bill was significantly above one with strength in both semiconductor and system accounts. Growth of the annual run-rate in our top 10 customers was a strong 60 percent in the third fiscal quarter. After quarter end, on November 14, we announced an agreement whereby Siemens will acquire Mentor Graphics. Joining forces with Siemens will enable Mentor to achieve the next level of success for our customers and employees."
- Prior quarters overview
- Press release
Mon, Nov. 14, 3:03 AM
- According to Reuters, Siemens (OTCPK:SIEGY) is nearing a deal to buy Mentor Graphics (NASDAQ:MENT) for $4.5B-$4.6B in cash.
- The software company has been under pressure since Elliott Management took an 8.1% stake in September, saying its shares "were deeply undervalued."
- Following the move, Mentor reportedly hired Bank of America to explore strategic alternatives, including a sale.
- Update: The two have agreed on a $4.5B all-cash deal ($37.25 per share), representing a 21% premium to Mentor's closing share price on Friday.
- MENT +19% premarket
Thu, Nov. 10, 12:59 PM
- Siemens (OTCPK:SIEGY +4.1%) enjoys strong gains after reporting a 20% jump in FQ4 earnings, driven by strong underlying growth at most of its industrial business divisions, on a 3% gain in revenues to €21.95B.
- FQ4 orders of €20.3B were 14% lower than the year-ago period which included a substantially higher volume from large orders; excluding the change from large orders, orders rose moderately.
- Siemens forecasts FY 2017 basic EPS from net income of €6.80-€7.20, compared to €6.74 in FY 2016 which included €0.23 from discontinued operations, and expects a profit margin for its industrial business of 10.5%-11.5%, compared with 10.8% in FY 2016.
- CEO Joe Kaeser warns that rising populism is a threat facing business and the global economy, singling out the populist political movements on the rise in Europe such as the referendum vote in the U.K. to leave the European Union; he says he does not see the Trump election in the U.S. in the same vein.
Thu, Nov. 10, 6:17 AM
Thu, Nov. 10, 3:01 AM
- Siemens (OTCPK:SIEGY) is planning a public listing of its $15B healthcare business to refocus on its core strengths of electrification, automation and digitization.
- The German group announced the move as it reported fourth-quarter profits that comfortably beat expectations, but issued a cautious outlook for the current fiscal year as orders dropped amid geopolitical uncertainty.
Mon, Oct. 17, 12:20 PM
- Mentor Graphics (MENT +2.9%) further reportedly hired an advisor on strategic alternatives last week.
- Reuters provides new details beyond just the Bank of America hire, though, claiming Siemens (OTCPK:SIEGY) and Dassault Systèmes (OTCPK:DASTY), along with private equity firms may be contacted during the exploration process.
- Elliot Management increased its stake in Mentor Graphics to 8.1% late in September noting strategic opportunities existed to increase shareholder value and has reportedly pressured for a move in that direction since.
Tue, Oct. 11, 10:24 AM
- Alphabet's (GOOG, GOOGL) Verily Life Sciences and 3M (MMM -0.7%) are targeting clinical and financial performance management technology intended to analyze data and provide insightful information revolving around healthcare quality and costs.
- Alphabet: "We have the data analytics and software to understand trends and make predictions across large quantities of data, and we see a clear opportunity to apply this approach to health data for insights that can impact care. Together, with 3M's know-how and deep expertise in parsing and coding clinical data, we imagine a world where providers have precise information to guide focused improvement, and can consistently access objective, actionable feedback to make informed decisions.”
- 3M: "At 3M, we are constantly evaluating how health information technology can help improve the efficiency, quality and cost of delivering care. This collaboration reflects our commitment to continued innovation in health information systems that address real-world problems facing health care today, while protecting the privacy and security of health data.”
- IBM (IBM -0.9%) and Siemens (OTCPK:SIEGY), through a five year arrangement, are looking to aid hospitals, health systems, integrated delivery networks and other providers in bringing value-based care to patients with complex, chronic and expensive conditions.
- IBM: "We are at an unprecedented time in healthcare. Mature and developing markets are increasingly focused on how patient outcomes are optimized, quality is standardized among individuals and across populations, and costs are reduced. Siemens and IBM are ideal partners to work at the forefront of this evolution and enable personalized healthcare in the U.S. and globally."
- Siemens: "Combining our strengths, Siemens Healthineers and IBM can effectively help providers transition to a value-based healthcare environment. We will bring the power of Siemens Healthineers' extensive relationships with providers and our deep domain expertise in clinical workflows, services, and digital health technologies to bear to help bring population health management offerings to healthcare providers. The new alliance fits perfectly into the services business of Siemens Healthineers. Thus we will enter the rapidly growing PHM market which is expected to play a significant role in end-to-end value-based healthcare."
- Alphabet, 3M
- IBM, Siemens
- Last week: Alphabet's Verily Life Sciences adopts automated lab strategies in Zika-prevention effort
Mon, Oct. 10, 8:44 AM
- Siemens (OTCPK:SIEGY) is weighing a bid for a $3.7B project to develop 3,000 MW of gas-fired power at two ports on the east coast of South Africa, Bloomberg reports.
- "The process is moving now," Siemens South Africa CEO Sabine Dall’Omo said, adding that the company has had "significant discussions" with potential partners about bidding for the contract. "South Africa is ready for foreign direct investment."
Tue, Oct. 4, 3:52 PM
- The FDA issues 510(k) clearance for Siemens Healthineers' (OTCPK:SIEGY)(OTC:SMQFY) Xprecia Stride Coagulation Analyzer, a portable hand-held device for point-of-care monitoring and management of oral anticoagulation therapy with warfarin, a vitamin K antagonist. The system, designed for the physician office and walk-in clinic environments, is the size of a smart phone and weighs less than 10.5 oz. It generates results using fingerstick blood samples.
Tue, Oct. 4, 10:57 AM
- Siemens (OTCPK:SIEGY +0.1%) signs a deal to upgrade Iran’s aging railway infrastructure by supplying components for 50 diesel-electric trains to be developed locally for the country’s state-owned railway system.
- The agreement follows a series of contracts signed in March between Siemens and Iran to develop the country’s energy infrastructure, including a license agreement under which Iran would acquire the technological know-how to manufacture Siemens F-Class gas turbines; the company also has said it plans to help modernize Iran’s power and electrification system.
Fri, Sep. 23, 7:47 AM| Fri, Sep. 23, 7:47 AM | 1 Comment
Mon, Sep. 19, 5:57 PM
- General Electric (NYSE:GE) expects to invest $10B in Argentina over the next decade, Vice Chairman John Rice tells an event held in New York by the Financial Times.
- GE says its investment will help build seven power plants that will add ~1 GW to Argentina's electric system; GE says it already has invested $1.2B alongside local partners and customers over the past four months including $900M to build thermal power plants and a $280M loan to the state-run airline to finance airplane purchases.
- Also, Siemens (OTCPK:SIEGY) reiterates its previously announced plan to help create investments and provide financing for $5.6B in infrastructure projects, including gas-fired power plants, in Argentina.
Thu, Sep. 15, 12:58 PM
- Siemens (OTCPK:SIEGY +2.9%) shoots higher after CEO Joe Kaeser tells Bloomberg that the company may beat its earnings forecast for the fiscal year ending this month, while warning that political concerns could dampen the long-term outlook.
- Siemens already has raised its financial target twice this year, most recently seeing EPS of €6.50-€6.70; analysts expect the final result to come in at the top end of the range.
- Company guidance for the current financial year also includes “moderate” revenue growth, net of currency effects, and orders accelerating with a book-to-bill ratio “clearly” above 1, the CEO says.
Thu, Sep. 15, 3:22 AM
- Gamesa (OTCPK:GCTAY) has acquired 50% of offshore wind turbine Adwen from Areva (OTCPK:ARVCY) for €60M after a merger between the Spanish wind-farm manufacturer and Siemens (OTCPK:SIEGY).
- When the two agreed to their merger in June, they specified that Areva had three months to decide whether it wanted to buy out Gamesa's 50% Adwen stake, or sell it to them.
- In the mean time GE made an offer for some of the assets, but Areva rejected the advance last month.