After departing chairman Karlheinz Kaske had his say on Tuesday, it was the turn of his successor Heinrich von Pierer to sound off yesterday, and the new Siemens AG chairman told Suddeutsche Zeitung that the company was entering a phase of consolidation in which expansion would come from internal growth rather than through acquisitions before turning to the problems at Siemens Nixdorf Informationssysteme AG, where he warned that Siemens would not reach its goal of halving the loss, saying that the problems at the company were larger than expected, although adding hastily that even with hindsight, it would have still bought Nixdorf Computer AG. Pierer added that it was too early to predict when break-even would be reached either there or at or at semiconductors and at US telecommunications.
