Report: Siemens wants out of Fujitsu partnership
German conglomerate Siemens AG is looking to end its participation in Fujitsu Siemens Computer, according to The Wall Street Journal, citing "people familiar with the matter."
The joint venture did $10.3 billion in sales last year, but Siemens CEO Peter Loscher apparently isn't pleased overall with the performance of FSC, which never found a real foothold in the U.S. in the face of competition with Hewlett-Packard and Dell.
"We have said that we want to focus on the three sectors--industry, energy, health care--and that we want to concentrate on them," a spokesman for … Read more