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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Chip maker Infineon trims loss, sees larger writedowns AFP - Thursday, July 30 BERLIN (AFP) - - Troubled German semi-conductor maker Infineon said Wednesday that it had managed to limit its quarterly loss but warned that full-year asset writedowns would be larger than expected. ADVERTISEMENT Infineon said it suffered a loss of 23 million euros (33 million dollars) in its third quarter which runs from April through June but that was much better than the loss of 379 million euros in the same period a year earlier. It said the results did not include its bankrupt memory chip maker Qimonda. Infineon said quarterly operating profit fell 18 percent from a year earlier to 845 million euros but was up 13 percent from the three months to March. An improved economic outlook and cost-cutting programmes were responsible for the comparatively better result, the company said, and sales were expected to pick up in the group's final quarter through to September. Infineon warned too that annual charges for depreciation and amortization would exceed its previous forecast of 500 million euros. The company has suffered from the collapse of component sales to the auto industry and is being restructured by a new investor, the US investment fund Appolo Global Management. Appolo it to help Infineon come up with 725 million euros in fresh capital. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Technology Cyber-criminals targeting social networks: expertsAFP - Thursday, July 30 Twitter unveils new frontpageAFP - Thursday, July 30 Microsoft going after Google's home turfAFP - Thursday, July 30 US Senators target driving-while-textingAFP - Thursday, July 30 India's outsourcing sector sees export growth slideAFP - Thursday, July 30 Enlarge Photo Flags with the logo of German chip maker Infineon fly in Munich, southern Germany. Troubled German semi-conductor maker Infineon said Wednesday that it had managed to limit its quarterly loss but warned that full-year asset writedowns would be larger than expected. Most Popular – Technology Viewed Doctor gave Jackson drug that killed him: CNN Police raid Vegas home of Jackson doctor Sunbeds elevated to top cancer risk level: WHO Lost love letter reunites couple after 16 years Ex-boxing champ Forrest shot in back and killed View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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