Siemens Soars, But BenQ Nags

CEO Kleinfeld has found himself mired in German angst over job losses, in spite of generally good news from the electronics giant

It has been hard to tell lately in Germany whether Siemens Chief Executive Klaus Kleinfeld is a hero or a bum. As far as the stock market was concerned on Nov. 9, he was a hero. Siemens (SI) shares rose 3% in Frankfurt and New York trading after the Munich-based electronics and engineering giant reported operating profit for its fiscal fourth quarter up 29%, to $819 million. The quarterly earnings topped off a year in which sales rose 16%, to $112 billion, amid a surge of orders from oil-rich regions such as Russia and the Middle East.

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