Voices » loss http://voices.allthingsd.com from other Web sites Tue, 24 Nov 2009 01:48:39 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Infineon Shares Plunge 40 Percent on Grim Outlook http://voices.allthingsd.com/20081203/infineon-shares-plunge-40-percent-on-grim-outlook/ http://voices.allthingsd.com/20081203/infineon-shares-plunge-40-percent-on-grim-outlook/#comments Wed, 03 Dec 2008 20:33:15 +0000 Eric Savitz http://voices.allthingsd.com/?p=6529 By Eric Savitz, Blogger and Columnist, Barron’s, Tech Trader Daily

Infineon (IFX) shares are down sharply this morning after the company provided an extremely grim outlook for the fiscal first quarter ending December and for all of fiscal 2009.

In the third quarter, the German chipmaker posted revenue of 1.15 billion euros, up 12 percent sequentially and two percent year over year. The company posted a loss before interest and taxes of 220 million, due in part to charges of 253 million euros for cost-reduction measures. The net loss from continuing operations was 244 million euros, or 0.33 euros per share.

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