German electronics conglomerate, Siemens, plans to invest 1 billion euros ($870 million) during the next 18 months on integrating its entire business electronically and giving all its 440 000 employees Internet access. "Leveraging e-business potential will make Siemens a new company," said Chairman Heinrich von Pierer. He expects the switch will save the company the equivalent of between 3 and 5% in annual sales volume eventually, with immediate cost savings of between 1 and 2%.
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