Commentary: Siemens Was Smart To Bail Out Of P Cs

The computer wars of the 1980s produced some costly flops in Europe: France's Groupe Bull, Italy's Olivetti, Holland's Philips Electronics. By 1997, Siemens-Nixdorf Informationssysteme was the only European PC maker challenging leaders such as Compaq and Dell. After three years of restructuring under CEO Gerhard Schulmeyer, the Munich company looked as if it would keep carrying Europe's flag in PCs. But on Apr. 30, parent company Siemens said it would sell SNI's PC production to Taiwanese rival Acer Inc.

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