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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55486)	11/14/2001 12:25:23 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Posted at 8:07 a.m. PST Tuesday, Nov. 13, 2001 German chip maker Infineon posts loss, stock buoyed by stronger than expected net cash siliconvalley.com FRANKFURT, Germany (AP) -- Battered by the global technology slump, computer-chip maker Infineon Technologies AG posted large losses in its fiscal fourth quarter and for the full year Infineon's stock rose by more than 7 percent Tuesday, however, buoyed by a stronger than expected cash position. For the quarter ended Sept. 30, Infineon posted a net loss of 523 million euros ($471 million), compared with a net profit of 581 million euros in the same period last year. For the full year, the company lost 591 million euros ($532 million), compared with a net profit of 1.13 billion euros a year earlier. High technology companies have been hard hit by the world economic slowdown as businesses have slashed spending on new computer and communications equipment.