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Technology Stocks : Infineon Technologies

IFNNY 39.61

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Oct 31 9:30 AM EST

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To: Number 4 who wrote ()	2/7/2000 2:44:00 AM
From: Number 4	of 50

Munich, Feb. 6 (Bloomberg) -- Infineon Technologies AG, Siemens AG's computer chip unit, said it boosted margins on earnings before interest and tax by more than 15 percent in the first quarter ending Dec. 31, Finanz und Wirtschaft reported. Infineon Chief Executive Ulrich Schumacher told the Swiss newspaper it will be difficult to repeat that performance in the full year, because the company benefited from ``several positive factors' such as higher prices for memory chips and a ``booming market for mobile-phone and bank-card chips.' Schumacher said he expects a decline in memory-chip prices this year, while those for logistics chips should continue to grow, adding that ``chances for the market as a whole remain intact.' The German company will begin canvassing investor interest Feb. 21 for its initial share sale to raise an estimated 6.6 billion deutsche marks ($3.3 billion). (Finanz und Wirtschaft, 25-6)

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