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To: phbolton who wrote (52079)	11/7/2000 7:09:43 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Outlook 2001 from Infineon The worldwide semiconductor market is expected to grow 27 percent in the 2001 calender year according to Dataquest. Infineon expects to grow significantly above the industry average. For the fiscal year 2001, the company expects to further improve its EBIT margin throughout its communications businesses through the continued strengthening of its product mix and through the booking of first revenues from new solutions such as Bluetooth, VDSL, Gigabit Ethernet and Optical Networking. Due to the current uncertainties in the worldwide PC markets, Infineon expects weaker demand and consequently lower prices in its memory business in the first quarter of fiscal year 2001, which is the last quarter of the calendar year 2000. The full year outlook remains positive for the memory products group; it is anticipated that the market will recover at the latest in the second half of fiscal year 2001, which corresponds to the second and third quarter of the calendar year, based on the industry's limited capacity expansion not being able to satisfy demand. Infineon already has a strong technology leadership position in the 128 and 256 Megabit DRAM segments and will further accelerate its transition to the less volatile and faster growing markets for server and networking applications. Under current market conditions, capital expenditures in 2001 are expected to be around 30 percent of revenues. This level of capital expenditure will help address expected capacity constraints. ``We expect the market outlook to remain strong into 2003 biz.yahoo.com