Facing substantial losses, Siemens said (April 27) it will spin off its mobile devices business. The move affects not only mobile handsets but also terminal equipment and devices. Till now the devision's fate is still unknown yet. Siemens spokeswoman Maria Lahaye-Geusen said the supervisory board will hold a telephone conference to discuss the business. She declined to comment on a report in Frankfurter Allgemeine Sonntagszeitung that Siemens tomorrow will present an Asian partner for the unit.

Siemens in April said it will create a separate company for mobile and cordless phones and find one or more partners. Acer chairman Wang Jen-tang said Acer has no plans to buy the German company's mobile-phone unit or hire it to make mobile phones.

Read