InfoAnda - Infineon profits jump on strong car industry demand |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Instagram retreats on some service terms after backlash | | 21 December 2012
Iraq Shi'ite-led blocs set deadline to nominate PM | 22 September 2010
Philippine troops kill 6 al-Qaida-linked militants | 21 February 2010

FCC to scrutinize stations wanting early DTV switch | Technology | | 12 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : Infineon profits jump on strong car industry demand |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Technology Nintendo sees lowest profit in 27 years Alibaba launches smartphone running its Cloud OS RIM embeds its BBM chat in work and play apps UK police say arrested teen hacking leader Hackers hit South Korean sites in big cyber attack Sprint inks LightSquared deal Video: Google+ rattles Facebook Abell: A new-found app-etite for the Web More technology news Follow Reuters Facebook Twitter RSS YouTube Read South Korean scientists create glowing dog: report 27 Jul 2011 Rival debt plans in doubt, alternatives sought | 27 Jul 2011 UPDATE 1-Tropical Storm Don nears Texas coast 9:15am EDT Playboy Hugh Hefner accuses ex of lying about sex life 27 Jul 2011 HSBC may cut more than 10,000 jobs: report 11:47am EDT Discussed 129 Obama, Congress fail to break debt deadlock 128 Hopes for deal rise as debt fears infect markets 127 Obama to stress ”incalculable” harm of debt failure Watched The heat is on in Russia. Wed, Jul 27 2011 Surveillance video captures Norway blast Wed, Jul 27 2011 DSK maid lawyer talks 8:44am EDT Infineon profits jump on strong car industry demand Tweet Share this Email Print Related News UPDATE 4-Japan woes hit Renault H1 operating profit 10:04am EDT Japan's tech firms face weak TV demand, keep forecasts 7:47am EDT Siemens says markets tough as profit misses view 6:35am EDT Boeing profit beats forecasts; shares rally Wed, Jul 27 2011 Daimler sees emerging market car demand cooling Wed, Jul 27 2011 Analysis & Opinion Tech wrap: Amazon impresses Greek rescue: pig in a poke Related Topics Technology » By Tarmo Virki, European Technology Correspondent HELSINKI | Thu Jul 28, 2011 9:09am EDT HELSINKI (Reuters) - German chipmaker Infineon Technologies AG reported higher-than-expected quarterly profit and sales on strong demand from automotive and industrial customers. Infineon forecast sales in the current quarter to be the same or better than the last quarter while operating profit would be flat. This contrasted with its peers which have recently forecast weaker sales due to sluggish consumer demand. Infineon, which makes chips for products ranging from cars to electronic passports, said its fiscal third-quarter sales rose 5 percent to 1.04 billion euros ($1.5 billion), while net profit jumped 51 percent from a year ago to 190 million. "These are good results," said a trader in Frankfurt. Analysts on average expected revenue of 1.01 billion euros in the quarter, while their net profit estimates ranged from 156 million to 189 million, according to a Reuters poll. Shares in the company opened higher, but later dropped after failing to break through a resistance level. Shares were 2.8 percent lower at 7 euros by 1240 GMT, while the blue-chip DAX index was down 1.5 percent, with only a handful of gainers. "At its daily high the stock touched the 200-day moving average but it did not surpass the resistance level," a Frankfurt-based trader said. Infineon said sales and profits at its automotive unit were not significantly hit by disruptions within the automotive supply chain after the Japan earthquake. Infineon is Europe's biggest supplier of automotive chips, which are found in two out of three cars worldwide, used for anything from fuel injection to power management for electric cars. The autos segment generates 40 percent of its sales. German carmakers Volkswagen and Daimler have reported a sharp rise in sales mainly thanks to a surge in demand in emerging markets. Infineon said the quarterly forecast implied a slight hike in its outlook for the full-year through September, with sales now seen up more than 20 percent and the profit margin roughly at 20 percent. It had earlier forecast 20 percent sales growth with a 19.8 percent margin. MORE STABLE PERFORMER Despite strong earnings from Intel and Freescale, concerns over the financial crisis in Europe, higher inventories and sluggish PC sales have weighed on chip stocks. Earlier this week Infineon's larger European rival STMicroelectronics warned its revenue could slip in the three months to end-September. Infineon was spun off from engineering group Siemens more than a decade ago and last year chose to exit the mobile chip business by selling its wireless chip unit to Intel. It has since decided to focus on three areas -- automotive, industrial & multimarket and chip card security -- to reduce its exposure to volatile consumer trends. "We believe that today's report will be a further step in convincing the market that Infineon has become a less volatile and more reliable player in the semiconductor market," said Silvia Quandt analyst Eerik Budarz. Infineon also said it decided to invest some 250 million euros by 2014 in Dresden, Germany to set up a plant for mass manufacturing of power semiconductors on 300 millimeter wafers. (Additional reporting by Nicola Leske, Josie Cox and Harro ten Wolde in Franfurt; Editing by Jane Merriman and Erica Billingham) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 28 July 2011
U.N. flies food into famine-hit Somali capital |
Missile shield will spark nuclear arms race: North Korea |
Venezuela's Hugo Chavez mocks succession talk |
Chris Brown, Kelly Rowland announce joint tour
Ethnic Serbs fire at NATO troops in Kosovo |
German police search homes in raid on far-right |
California's governor approves $600,000 chiropractic board settlement
Cyprus president to ask cabinet to resign |
Israeli army charges border lookouts with shirking duties |
First food aid arrives in Mogadishu
50 Cent says he won't release new album due to label issues
LPGA stars say hello to Carnoustie at women's British Open
Obama's plan against transnational crime sparks concern
Ervin Santana no-hits Indians to lead Angels to win
Langer defends U.S. Senior Open title at classic Inverness
California man tries to repair hernia with butter knife.
U.K. expels Libyan diplomats, eyes envoys from rebel council
Nasdaq spends to fend off constant hack attacks |
Symantec profit rises, beats Wall Street view |
UK police arrest suspected teenage hacker |
Juniper tumbles as it catches Cisco flu |
Louisiana regulator votes in favor of AT&T/T-Mobile merger |
Panasonic decides to sell Sanyo's white goods units: reports |
TV watchdog says Playboy Club glamorizes porn |
Ryan Gosling takes on comedy to cure the blues |
Six Beverly Hills housewives return for season two |
A Minute With: Neil Patrick Harris about Smurfs |
Author's Gray Zone sheds light on dark subject |
China institute takes blame for train crash; Wen visits |
Norway police face review, think killer acted alone |
China defends carrier plans, neighbors worry about buildup |
Health on the Hill: Medicare, Medicaid taken off table in budget talks
Lauryn Hill addresses paternity rumors
America singer Dan Peek dies
New pressure on Gaddafi on foreign, rebel fronts |
Alexander McQueen leaves dogs $82,000
U.K. police arrest teen spokesman of hacking group
Chinese chemical waste taints river, sparks panic buying of bottled water
Barak visit stirs diplomatic activity for Middle East peace process
Clinton cautions lawmakers of presidential veto on bill cutting foreign aid
Two runs giant so far for San Francisco; G-Men lead Phils 2-0
Youzhny reaches quarters in rainy Gstaad; Ferrero wins in Croatia
Violence in north Kosovo draws EU warning |
South Koreans on landmine alert after series of deadly mudslides |
Analysis: Revolt or summer fever? Israel ponders tent protest |
Sudan carries out air strikes in Darfur: UNAMID |
Hackers attack South Korean sites; up to 35 mln users affected |
Sony sticks with profit outlook despite TV squeeze |
Accused AT&T-iPad hacker Andrew Auernheimer in plea talks |
RIM embeds its BBM chat in work and play apps |
Alibaba launches smartphone running its Cloud OS |
Google says DoJ asked for more information on AdMeld |
Japan's quake-hit technology companies to show steady recovery |
AT&T's T-Mobile plan gets boost from states |
Playboy Hugh Hefner accuses ex of lying about sex life |
Piers Morgan again defends work on UK tabloid papers |
Hero dogs get their own TV awards show |
Somalia rebels main block to aid: U.N. report |
UK paper hacked phone of murdered child's mother: report |
Finnish 18-year-old arrested on bomb suspicion |
When a cow is part of the family
Kat Von D walks out of interview after Jesse James mention
Atheist group asks court to remove cross at 9/11 memorial
Yemeni forces fire on protesters in south's Taiz |
Swiss banking giant Credit Suisse to lay off 2,000 after profits plunge
Taking on the hepatitis C virus
Serb police, NATO boost forces after Kosovo violence |
Drought and HIV, a dangerous combination
Desperate HIV-positive people eat cow dung to sustain treatment
Carlos Beltran joins San Francisco; Mets outfielder accepts trade to Giants
Suicide attackers kill 19 in southern Afghanistan |
You tweet you want a revolution
U.S. says cooperating with China to repatriate graft fugitives |
Amy Winehouse's family believes abstinence from alcohol is cause of death
Nintendo sees lowest profit in 27 years, slashes 3DS price |
Amazon unveils latest video streaming deal |
Sprint results disappoint, shares off 16 percent |
Nokia Siemens says still has deal with LightSquared |
Alibaba launches smartphone running its Cloud OS |
Infineon profits jump on strong car industry demand |
Playboy Hugh Hefner accuses ex of lying about sex life |
Iron Man maker rustles up some Cowboys & Aliens |
Mystic River author says his characters lure actors |
Hollywood wins UK piracy victory against BT |
Gaza film-makers decry Hamas censorship |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01