Semi-OT:FRANKFURT,Oct 12- German semiconductor maker Infineon Technologies AG said on Thursday it saw no weakness in the overall global semiconductor industry and reiterated it expects record fourth-quarter earnings and sales.
Global semiconductor stocks fell this week amid technology sector jitters with Infineon falling to a fresh year-low of 46.16 euros on Wednesday.
But Infineon spokeswoman Katja Schlendorf said on Thursday the group's prospects remained good with overall semiconductor business still seen positive.
``We have said many times in recent weeks that we don't see any weakness in the overall semiconductor industry,'' Schlendorf said, adding that Infineon expected to grow faster this year and next year than the average industry growth.
She added that the outlook for some segments of the industry were not too positive.
Infineon shares were 5.17 percent higher at 50.49 euros by 1035 GMT after Wednesday's fresh year-low.
``It is a rebound because of technical things. I think the stock has been down so much that some people are seeing it as a buying opportunity,'' said Theo Kitz, analyst at Merck Finck & Co in Munich.
The share was some 46 percent below its year-high of 93.60 euros reached in March on the back of a global rally in technology stocks.
Infineon spokeswoman Schlendorf reiterated that the company expected record fourth quarter earnings.
``We have already said that our fourth quarter will be a record in earnings and sales and will be better than the third quarter, which was a record,'' she added.
biz.yahoo.com
Edit:
AMD expects to be sold out of Athlon processors, flash in Q4
By Semiconductor Business News
Oct 11, 2000 (3:19 PM)
URL: semibiznews.com
SUNNYVALE, Calif. -- Citing strong growth in the microprocessor and flash-memory chip segments, Advanced Micro Devices Inc. here today reported record sales and earnings for the third quarter, ended Oct. 1. But AMD faces some capacity issues going forward, prompting the company to announce that it will be sold out of its Athlon processor and flash-memory lines during the fourth quarter of 2000
Jim |
