Siemens AGOTCPK - Current
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.
Wed, Sep. 14, 3:21 PM
- Siemens (OTCPK:SIEGY +0.4%) commits to a €5B ($5.6B) infrastructure project in Argentina, CEO Joe Kaeser says in Buenos Aires, where Pres. Macri is hosting a forum to promote the government’s market-friendly policies.
- Kaeser says the project will include energy and renewable energy projects, rail, bus and energy-saving technology over a period of 4-5 years.
- The news gives Macri evidence to show voters his reforms are translating into much-needed investment; for Siemens, it offers a chance to turn over a new leaf in Argentina after the former CFO of the company’s Argentine unit pleaded guilty last year to taking part in a scheme to bribe government officials.
Mon, Sep. 12, 12:58 PM
- Siemens (OTCPK:SIEGY -0.2%) is considering a sale of its remaining 17% stake in lighting business Osram Licht, valued at €777M ($872M), to potential buyers including Chinese investor GO Scale Capital, Bloomberg reports.
- The stake reportedly also has drawn interest from other Chinese bidders as well as P-E firms; a deal could be announced as soon as this month, according to the report.
- Siemens’ exit from Osram would come after CEO Joe Kaeser publicly questioned his counterpart’s decision to invest heavily in a manufacturing facility in Malaysia, and complained that Osram CEO Olaf Berlien has destroyed shareholder value with the strategy.
Tue, Aug. 30, 2:13 PM
- Siemens (OTCPK:SIEGY +0.3%) and Gamesa (OTCPK:GCTAF) have rejected a non-binding offer from General Electric (GE +0.3%) for assets belonging to the Adwen wind power joint venture between Gamesa and Areva (OTCPK:ARVCF), Reuters reports.
- Gamesa is merging with Siemens' wind power division to create the world's biggest builder of wind farms in a €10B ($11 billion) deal, but the Adwen venture has been a sticking point, as Siemens does not need the technology from Areva because it has developed its own offshore wind turbines.
- If Areva does not find a buyer before a mid-September deadline set when Siemens and Gamesa announced their merger in June, the most likely outcome would be for Gamesa to exercise its purchase option and take over Areva's 50% stake, according to the report.
Fri, Aug. 26, 11:01 AM
- The FDA revises its guidance on screening whole blood and blood components for the Zika virus. It now recommends all U.S. states and territories implement testing to ensure the safety of the blood supply. Collection/processing centers can use either an investigational test authorized by the FDA under an IND or a licensed test when available.
- In February, the agency recommended the safety measure only in areas with active Zika virus transmission. All such areas (i.e., FL and Puerto Rico) are now in compliance with the guidance.
- Related tickers: (NASDAQ:CEMI)(NASDAQ:OSUR)(NYSE:SNY)(NYSE:ABT)(NASDAQ:AEMD)(NYSE:TMO)(OTCQX:RHHBY)(OTCPK:SIEGY)
Mon, Aug. 22, 12:58 PM
- General Electric (GE +0.3%) plans to submit an offer as soon as this Thursday to buy French wind power company Adwen, Reuters reports, citing French magazine La Lettre de l'Expansion.
- Siemens (OTCPK:SIEGY) has agreed to take over Gamesa's (OTCPK:GCTAF) 50% stake in Adwen as part of its €1B ($1.1B) deal to buy a majority stake in Gamesa, and has made an offer for Areva's (OTCPK:ARVCF) 50% stake in Adwen, but Areva has until mid-September to look for an alternative buyer under the terms of an agreement in connection with the Siemens buyout.
- The report says GE is preparing to submit its bid on Aug. 24 but offers no further details.
Fri, Aug. 5, 5:58 PM
- Builders of two power plants in Russian-occupied Crimea in the Ukraine have finalized plans to install turbines made by a Siemens (OTCPK:SIEGY) joint venture, Reuters reports.
- Siemens denies that it intends to send the turbines to Crimea, saying that its JV is making turbines for a separate plant on Russia’s Taman peninsula, which is separated from Crimea by a strait, not for plants inside in Crimea itself; however, Reuters says three sources all say two power plants in Crimea are being built specifically to house Siemens turbines.
- If the turbines end up in Crimea, it could test the limits of what is allowable under sanctions imposed by the European Union after Russia annexed the territory from Ukraine in 2014; legal experts say there are no court precedents to say whether Siemens could be held responsible if a third party brought the turbines to Crimea.
Thu, Aug. 4, 3:26 PM
- Siemens (OTCPK:SIEGY +3.7%) managed to achieve in its FQ3 what many of its competitors have struggled to do - make money in the energy business - prompting the company to raise its guidance from EPS from net income for FY 2016 to €6.5-€6.7 from its previous outlook of €6.0-€6.4.
- Siemens' FQ3 net profit was €1.33B ($1.48B), beating the €1.2B analyst consensus estimate, and revenue rose 5% to €19.8B, while new orders rose by 6% to €1.06B; however, profit at the power and gas division surged 69% to €480M, while wind profit more than doubled to €143M.
- Growth in power and gas - held back in recent quarters by weak global oil prices - was lifted by large orders, including those related to a combined-cycle power plant in the U.S. and the expansion of thermal plants in Bolivia, as well as execution of the company’s backlog, including an €8B power generation deal with Egypt.
- The “excellent” results are the result of Siemens “reducing costs, delivering large projects on time and on budget and winning share from competitors,” Jefferies analysts say.