Infineon Shares Plunge 40 Percent on Grim Outlook

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.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »