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August 2, 1988

SIEMENS SITS ON A CASH MOUNT EVEREST ON THE FRANKFURT SE

By CBR Staff Writer

Lord Weinstock must sometimes cast envious eyes towards Munich and the incomparably more complaisant attitude towards large local companies on the Frankfurt Stock Exchange: while GEC Plc regularly gets castigated for sitting on a cash hillock currently standing at some $2,300m, there are few complaints in the Federal Republic over the fact that Siemens AG is sitting on a cash Mount Everest of $13,000m.

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