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

To: StanX Long who wrote (63119)	4/23/2002 11:22:39 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Infineon Reports Higher Q2 Sales, Narrows Losses Online staff -- Electronic News, 4/23/2002 e-insite.net Chipmaker Infineon Technologies AG today reported a net loss of about $96 million for the second quarter, an improvement from the loss of $294.2 million in the previous quarter, but down from net income of $20.4 million a year ago. Loss per share for the second quarter was about 14 cents compared with a loss of about 43 cents in the previous quarter and earnings of about 4 cents a year ago. The company’s revenues also increased sequentially, up 34 percent to about $1.2 billion from $888.9 million in the first quarter. But revenues were down 16 percent from $1.5 billion in the year-ago quarter. Munich, Germany-based Infineon said it was able to narrow its losses because of a jump in the price of memory products as well as increased demand in most of its business segments, including telecom ICs, security and chip card ICs and ICs for automotive power applications. However, Infineon said it is still difficult to predict how the market will perform for the rest of 2002. While the company said it has seen signs of recovery, it is still expecting a tough competitive market and ongoing pricing pressure in most of the company's business groups. Consolidation in the memory market combined with strong demand and a normalization of inventory levels has led to better DRAM prices, Infineon said, but that demand needs to continue for sustained improvement of DRAM price levels.