DAVID HAFFENREFFER, CNN ANCHOR: One of Germany's biggest tech companies, Siemens, is reportedly considering a spinoff to raise money for new purchases.</s>DEBORAH MARCHINI, CNN ANCHOR: That could include some deals with U.S. companies. Janet Guyon of "Fortune" magazine joins us live from London where she's the bureau chief. Janet, what's going on here?</s>JANET GUYON, LONDON BUREAU CHIEF, "FORTUNE": Well, there's a report in one of the German papers, which we confirmed this morning talking to Siemens, and they're talking about two things: One is doing an IPO of their SBS division, which is business services. It provides consulting to large companies about how to run data and phone networks. They -- SBS also is interested in making some small acquisitions both in Europe and U.S. But the bigger news, actually, is that Siemens says it wants to spend several billion dollars in the U.S. buying up technology companies that provide broadband access technology. Now, these are the kinds of technologies that allow the Internet to work; in essence, the Cisco-type companies. Siemens is not saying, of course, that it wants to buy Siemens, but what it is saying is it wants to make some major acquisitions in the U.S. in this technology area in order to grow its communications and information services business, which accounts for about 40 percent of Siemens' overall revenue.</s>MARCHINI: Janet, is there any speculation as to what they might buy?</s>GUYON: We really don't know right now. We were trying to, you know, come up with some names earlier today, but this is pretty fresh information so we don't really don't know exactly what they're looking at. And quite frankly, I'm sure they're looking at a slew of companies. Many of them are probably small companies that, you know, aren't, you know, major targets from our point of view.</s>HAFFENREFFER: All right, Janet Guyon, "Fortune" magazine out of London, thanks for joining us this morning.
'Fortune': Germany's Siemens May Spin Off IT Unit, to Seek US Acquisitions