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Siemens Guides Handset Volume Up

The company expects to sell as many as 39 million units this year.
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raised its forecast for cell-phone handset sales in 2003, sparking buying in a handful of technology shares in Friday's premarket session.

The German electronics giant expects its own cell-phone sales to rise by as much as 18% this year, various news reports quoted a spokesman saying. The rate of increase is well above the 10% the company sees for the industry as a whole and would bring its total unit volume to 38 million to 39 million.

Siemens said it's already sold 33 million handsets year-to-date, matching the number it sold during all of 2002.

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