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Author: cordob Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 237  
Subject: Infineon reports doubled loss Date: 7/26/2005 10:37 AM
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Infineon Reports Results for Third Quarter of Financial Year 2005
2005-07-26

» Full version of Press Release including Financial Information (pdf-download)
link: http://www.infineon.com/cmc_upload/INFXX200507-070e.pdf
» Infineon's business highlights for third quarter of financial year 2005 (pdf-download)
link: http://www.infineon.com/cmc_upload/business_highlights_Q3_2005e.pdf
» Listen to the Press Conference Call

* Revenues of Euro 1.61 billion in the third quarter were stable compared to the second quarter, reflecting increased revenues of the Memory Products segment, offset by reduced revenues in the Communication and the Automotive, Industrial and Multimarket segments.

* Third quarter EBIT loss included charges of Euro 81 million, primarily in connection with the planned phase-out of production at the company's Munich-Perlach facility and impairment charges in the Communication segment; third quarter EBIT loss increased to Euro 234 million from Euro 117 million in the prior quarter. Second quarter EBIT was negatively impacted by a net aggregate charge of Euro 74 million resulting primarily from reorganization measures in the Communication segment.

* Net loss in the third quarter was Euro 240 million compared to a net loss of Euro 114 million in the prior quarter.

* Total revenues for the first nine months of financial year 2005 were Euro 5.03 billion, down 3 percent from Euro 5.20 billion in the same period last year. EBIT loss in the first nine months of financial year 2005 was Euro 140 million, compared with positive Euro 143 million in the same period last year. Net loss for the first nine months amounted to Euro 212 million, compared to net income of Euro 17 million in the same period last year.
...


Not fantastic.
More in the PR.

Cheers
Cor

PS also look on my site for Infineon news at: www.chipstocks.net/ifx/ifx-sites.php
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