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Infineon post poor 3Q sales revenue


Monday, July 30, 2007 Infineon Technologies post disappointing results for its third quarter by the poor performance of Qimonda.

Revenues for Infineon excluding Qimonda were €1.01 billion (about $1.39 billion), up 2 percent over the same quarter last year. The operative result for the chip maker without Qimonda was positive. Before tax and capital costs, the company earned €13 million while in the past quarter this figure was negative with a loss of €28 million.

Including Qimonda, revenues were €1.75 billion, down 11 percent against last year's third quarter. While the company without Qimonda had achieved a razor-thin operative profit of €13 million, Qimonda's loss makes the result turn negative with an operative loss of €280 million. Net loss was €197 million, much worse than the €23 million in Q3/2006.

By: DocMemory
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