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Siemens AG, founded in 1847, was originally a Berlin-based partnership firm called Siemens & Halske and later transformed into a Stock Corporation in 1897 and renamed as Siemens Aktiengesellschaft with headquarters shifted to Munich in 1949. The company was initially a telegraphy technology firm and evolved into a multi-national company with interests in various fields including industrial automation, medical diagnostics, power generation, and telecommunications and networking. The company’s evolution is marked with numerous acquisitions including the acquisition of Telecom Plus International as early as 1987, the purchase of significant stake in NeoPoint in 1999, the acquisition of Efficient Networks in 2001, and the purchase of Cycos AG in April 2003.
Siemens is a multi-faceted, multi-national company with activities in sectors as diverse as telecommunications, medical engineering, power transmission, lighting, automation, and transportation systems, as well as Financing and Real Estate. The company’s Communications Group (formerly the Information and Communications Group) encompasses Siemens’ telecommunications operations. Through this group, Siemens develops, produces, and commercialises communications systems for fixed and mobile networks, enterprise systems, and wireless modules, and also provides related services.
As of October 15, 2005, members of the Managing Board during fiscal 2005 held 845,634 Siemens shares and stock options on Siemens shares (exercisable within 60 days), representing 0.094% of the outstanding capital stock of Siemens AG. On October 15, 2005 members of the supervisory board during fiscal 2005 held 143,954 Siemens shares and stock options on Siemens shares (exercisable within 60 days) representing 0.016% of the outstanding capital stock of Siemens AG. These figures do not include 10,786,521 shares or 1.21% of the capital stock, that are held by von Siemens-Vermögensverwaltungs GmbH (vSV) - a German limited liability entity that functions much like a trust - and 38,102,921 shares, or some 4.276% of the capital stock, over which the vSV has voting control under a power of attorney. Mr Peter von Siemens is authorised to vote these shares as a representative of the founder's family.
As of November 4, 2005, Siemens had approximately 0.9 million shareholders. Approximately 57,600 were US holders, of which approximately 300 were holders of record. Based on the company's share register, US holders held approximately 12% of its ordinary shares as of September 30, 2005.
