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Technology Stocks : Infineon Technologies

IFNNY 39.61

0.0%

Oct 31 9:30 AM EST

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To: Number 4 who wrote ()	7/16/1999 8:07:00 AM
From: Number 4	of 50

Siemens may float Infineon in 4Q99-1Q00 timeframe Siemens said it may IPO Infineon, its semiconductor unit, in Q4 1999 or Q1 2000. The company indicated that it would retain a majority interest in the firm, and sell a 25-49% stake. ML Comment: The company's announcement follows an earlier report that the Siemens would float Infineon in October. We believe the timing of the IPO will be driven by financial results in the second half of its fiscal year. The company has been rationalizing its organization, which seems to have stemmed losses from operations recently. We hope and believe that pressure to improve financial operations will drive Infineon away from the DRAM business. Source: Merrill Lynch semiconductor research team.

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