UPDATE 2-Siemens cautious after Q2 sales, profit fall

Newswire

(Adds fund manager quote, details, share price) By James Mackenzie BOURNEMOUTH, England (Reuters) - Germany's Siemens AG said on Thursday most of its businesses were on track for 2003 targets but cautioned about slow spending in major markets after posting a fall in second-quarter profit and sales. The Munich-based industrial giant posted second-quarter net profit of 568 million euros ($622.1 million), down from 1.28 billion a year earlier, when it booked a gain of 604 million euros ...

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