Siemens out of favour

Siemens AG shares fell sharply in late April, as hedge funds sold out and sold short after the company said it could not give any forecasts for the second half of the year to 30 September.

"The real problem out of today's news is the fact that the company won't give any guidance for the second half of the year as they don't know how much restructuring costs will be," one fund manager said.

Siemens released its first half results at a news conference on 27 April 2001, but said it is putting its

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