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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve who wrote (19800)	1/31/2001 4:22:13 AM
From: steve	Respond to of 26039

Speaking of markets ahem, ahem... I really do not know the areas of interest between Infineon and IDX. Infineon just filed their first quarter results and the highlighted passage seems promising if IDX is part of their smart card program... Munich, Germany -- January 31, 2001 -- Infineon Technologies AG (FSE/NYSE: IFX), one of the world's leading semiconductor manufacturers, today announced first quarter results for its fiscal year 2001 (ending December 2000), with revenues reaching Euro 1.66 billion. This is an increase of 8 percent from the first quarter of the previous fiscal year driven by continued strong demand in Infineon’s communications business groups, especially in smart card ICs and wireline communications. Infineon’s combined non-memory businesses grew 5 percent sequentially. The revenue decline of 30 percent from the record level in fourth quarter was due to the weakening of the market for memory products. <break> “Infineon has delivered on its promise to improve margins in its non-DRAM business. We have successfully shifted our product mix towards higher margins, especially in our wireline communications and smart card businesses”, said Dr. Ulrich Schumacher, President and CEO of Infineon Technologies AG. “We have also strengthened our customer partnerships in our key segments and significantly improved the utilization of our global distribution channels.” <break> In the Security & Chip Card ICs group, which is reported in Other Operating Segments, quarterly revenues rose significantly, by 69 percent to Euro 154 million from the first quarter of last fiscal year, and up 31 percent from the previous quarter. EBIT improved to Euro 29 million, up Euro 20 million from the first quarter of fiscal year 2000 and 61 percent from the previous quarter. The strong growth in revenues and EBIT was driven by a significant productivity increase and a successful product shift towards higher margin businesses, especially in the chip card-controller market. Major developments for the Security & Chip Card ICs group in the first quarter include: Infineon became partner for advanced 16-bit/64kByte chip card controller for high-end GSM platform with industry leaders (Schlumberger, Gemplus, OCS) Important contract with Schlumberger for GSM market in China Strong orders from China Telecom and Mexico Telmex for security memory ICs for prepaid telephone market Strategic contract for MultiMediaCard™ with Palm for PDAs infineon.com for the reessst of the story..... sorry Paul. steve ps, Does IDX work with Linux? Dell and Oracle to team in Linux deal www2.marketwatch.com