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The fixed-line telecoms division has been a consistent loss maker for Siemens in recent months.
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The loss was primarily the result of lower sales of individual fixed annuities due to the low interest rate set by the Federal Reserve.
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The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred and risk of loss has transferred to the customer, the selling price is fixed or determinable, and collectability is reasonably assured.
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In fleeing higher-risk assets these investors are trading in the possibility of loss for the certainty of eventual real-wealth losses in traditional fixed-income securities.
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While the mistake was fixed in something like 72 hours, the chaos, inconvenience, and financial loss to the sites and their registrar and hosting companies was significant.
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Set to splurge on developing its fixed-line and third-generation wireless services, the firm aims to staunch the loss of market share to China Mobile.
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This rests on the notion that there is a fixed ceiling for output, rising over time, so any shortfall against potential is a permanent loss.
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In contrast, for someone using affordable loss reasoning, the idea of getting underway is far more important than having a fixed goal, because they understand they have no idea of knowing ahead of time whether their idea will truly work as imagined.
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