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Siemens Reorganizes US Networking Operations
Siemens Corporation has formed a new U.S. business unit that will combine wireless and wire line infrastructure, devices, and IP convergence applications. Andy Mattes, until now the head of the U.S. networking business has been appointed president and CEO of the new company, to be called Siemens Communications.
The new unit expects to complete the merger of all Siemens wire line and mobile businesses by October 1, 2004. Once the consolidation takes place, it will be the German company's largest global unit, overseeing annual sales of $18.5 billion and employing 60,000 workers.
Officials say Mattes will serve on the board of the new global organization, with additional worldwide responsibilities for all enterprise businesses.
"We have created Siemens Communications to address the revolution in communications brought about by the explosion of mobile communications devices and solutions and the exciting possibilities of IP converged solutions," Mattes said in a statement.
[Editor's note: More to come on this story, stay tuned]
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