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To: jim kelley who wrote (61916)	11/27/2000 6:39:46 PM
From: Don Green	Read Replies (1) \| Respond to of 93625

Infineon shares gain on memory-chip plans By Bloomberg News November 27, 2000, 3:05 p.m. PT URL: news.cnet.com Shares of chipmaker Infineon Technologies rose for a second day on Monday after the chief executive said the company is reducing its reliance on memory chips. The company's shares closed Monday at $43.75 on the New York Stock Exchange, compared with Wednesday's close of $36.63. That's nearly a 20 percent increase in two days of trading. Ulrich Schumacher, CEO of Germany's largest chipmaker, said Friday that he plans to generate 30 percent of Infineon's revenue from memory chips in the years ahead, down from 80 percent in the previous fiscal year. ''Infineon is targeting the high-end memory-chip market and making good progress in boosting their communications chip business,'' said Peter Knox, an analyst at Commerzbank Securities in London. Schumacher said he expects to boost communications-related revenue by buying other companies. In fiscal 1999, Infineon spent more than $290 million (345 million euros) on acquisitions, and Schumacher said he expects to spend a similar amount this year. Infineon will also be able to boost profitability because a new, more efficient plant in Dresden, Germany, will begin production next year, Schumacher said. Copyright 2000, Bloomberg L.P. All rights reserved