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

To: StanX Long who wrote (61289)	3/3/2002 10:06:48 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Infineon CEO Says Chip Prices Average Above $4 as Demand Rises By Jennifer Sondag and Richard Weiss quote.bloomberg.com Munich, March 2 (Bloomberg) -- Infineon Technologies AG is selling computer memory chips for an average of more than $4 a chip after ``incredibly strong demand'' in the last two months, said Chief Executive Officer Ulrich Schumacher in an interview. ``We were very surprised that demand not only stayed strong, but also increased significantly in some areas,'' said Schumacher in an interview after a conference in Wiesbaden, Germany. Still, ``we can't tell how sustainable it is.'' Chipmakers suffered their worst slump last year as demand from customers such as Dell Computer Corp., the largest personal- computer maker, and Nokia Oyj, slumped. Infineon has announced 5,000 job cuts to help offset the drop in demand and save costs.