Siemens (SI) Sees No Business Slowdown

Print Email

Siemens (NYSE: SI) joins the short list of big companies which claim that they are seeing no weakness in their global businesses.

“It’s clear that we’re entering a phase of slowdown in the world,”  Peter Loescher, 50, said in an interview with Bloomberg Television in New York today. “The impact for us as a company, we don’t see it yet.”

While Mr. Loescher may be from Germany, many CEOs at US companies may think he is from another planet.

Douglas A. McIntyre