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Politics : Formerly About Applied Materials

AMAT 318.11

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10:57 AM EST

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To: StanX Long who wrote (58508)	1/8/2002 2:59:58 AM
From: StanX Long	Read Replies (1) of 70976

01/08 02:41 Infineon Shares Worth EU974 Million Being Sold by Goldman By John Fraher quote.bloomberg.com Frankfurt, Jan. 8 (Bloomberg) -- Infineon Technologies AG shares worth 974 million euros ($869 milion) are being sold by Goldman, Sachs & Co., a fund manager said. Goldman is selling 40 million Infineon shares at 24.35 euros each, according to Michael Lengweiler, who manages 500 million euros in European stocks at Bank Sarasin & Cie. in Basel, Switzerland. He doesn't intend to increase his stake in Infineon, whose share have more than doubled since September. ``The stock has had quite a good run because of consolidation in the memory chip business and price increases by Korean competitors,'' said Lengweiler. ``The good news is in the price.'' Siemens AG is selling the shares, Infineon said in a statement to the Frankfurt stock exchange. It didn't give a price.

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