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Siemens sale sends Marconi downwards

Extra cash does little to appease investors...

By Kate Hanaghan

Published: 28 November 2001 12:33 GMT

Marconi's attempt to reduce its enormous debt mountain by selling off its stake in Siemens (http://www.silicon.com/a49511) hasn't done much for its share price this morning.

As of 11:30(GMT), it had lost more than six per cent. From a 52-week high of 872p the company's shares are now worth just 37.02p.

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