Monday, November 11, 2002
Infineon Technologies has announced its fiscal year results, the fourth quarter net loss amounted to about $511 million compared to a net loss of about $77 million in the previous quarter
In its fourth quarter, which ended September 30, Infineon had sales of about $1.40 billion down about 1% sequentially but up 28% compared to the fourth quarter of 2001 and a net loss for year of
of about $528 million.
The size of that fourth quarter loss surprised analysts according to reports. The larger-than-expected loss was accompanied by downbeat comments on the semiconductor outlook for at least the first part of 2003.
For the whole year the company announced revenues of about $5.26 billion, a decrease of 8% from the previous fiscal year and a loss that widened to about $1.03 billion.
Despite the current increase in demand and prices for memory products, Infineon said it is too early to assume a sustained market improvement. Infineon will continue to concentrate on reducing its DRAM manufacturing costs, extending the range of its DRAM product offerings and improving its memory product mix.
By: DocMemory
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