Siemens(SIEGY) - 2024 Q2 - Earnings Call Transcript

We are -- and if you talk about recent acquisitions done in particular in the EDA and simulation space, these are tremendous multiples, which we see there and premiums. We have to be also careful with our shareholders' money when it comes to M&A. So we don't do stupid things there. And it feels good. I'm saying that also -- always to Ralf, it feels good to have a good net cash position. By the way, also, it's good to feel to have a CFO who has a tight handle on the balance sheet so that we are ready to stri ...