Dec 4, 2008
Infineon Technologies 4Q loss widens to euro763M
German semiconductor maker Infineon Technologies AG said Wednesday that a write-down on its stake in Qimonda and lower chip prices on the global market combined to widen its fourth-quarter loss, the seventh such one in a row.
Infineon said it lost euro763 million ($968.8 million) in the fourth quarter that ended Sept. 30 compared with a euro280 million loss a year earlier.
The company's quarterly sales, though, managed to rise 2 percent to nearly euro1.2 billion compared with euro1.1 billion a year ago.
Read full story from The Associated Press
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
Search the Electronics Forum:
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| HDTV and Mobile Gear to Steal CES 2009 Spotlight | 6 hr | Don Mei | 13 |
| Micron Technology: Leveraged Buyout Announcemen... (from Jun '07) | 17 hr | LostInSpace | 3685 |
| Bad news gangs up on Wall Street | 19 hr | George W Bush | 1 |
| New President, Business Alignment At UTC Power | Wed | Unbelievable | 2 |
| DOWN, NOT OUT, in 2008 | Jan 4 | TWTL | 2 |
| 3M sends troubling signal to Minnesota (from Mar '08) | Jan 2 | Sam | 115 |
| Nintendo Wants New Wii Remote Tech? | Jan 2 | The Pokemon ... | 18 |
Leo
Most Popular