Infineon Technologies issued an earnings warning that it expects last quarter revenues and earnings to be below market expectations.

Infineon expects revenues of $2.41 billion (1.82 billion Euro) and EBIT of $279.6 million (211 million Euro).  These numbers include non-recurring license income of about $156 million (118 million Euro) in connection with the settlement with ProMOS.

For the memory product segment, Infineon projected revenues would come in at about $1.015 billion (766 million Euro) with EBIT at about  $260 million (196 million Euro), including the non-recurring license income associated with the company¡¦s settlement with ProMOS.  Bit production has increased slightly, but shipments have declined due to an anticipated increase in inventory levels, Infineon said.  Both revenues and EBIT were hurt by the decline of the U.S. dollar.

Infineon will issue full results for Q1 2005 on Jan. 24, 2005.

By: DocMemory
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