Chipmaker Infineon Sees Net Income Fall
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Computer chip maker Infineon Technologies AG posted a 10 percent drop in net profit for the fourth quarter after taking large charges to cover potential civil claims from U.S. and European antitrust actions, the company said Tuesday.
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Infineon Technologies AG, the German maker of semiconductors, said Thursday that a downturn at its Qimonda computer memory chip subsidiary pushed it to a loss in the first quarter of its fiscal year as chip prices fell.
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National Semiconductor has lowered its revenue expectations for its second business quarter. The new guidance for the quarter calls for revenues to range from $445m to $450m, down about 18 per cent to 19 per cent sequentially.
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The chipmaker posts record revenue, but profits go lower. You're not really surprised, are you?
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Japanese stocks will probably open lower on Monday following a further decline in U.S. markets, with investors wary about company earnings, in particular those of technology firms.
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Intel Corp., the world&#39;s biggest maker of semiconductors, reduced its third-quarter revenue forecast Thursday, blaming lower-than-expected demand for flash memory and PC chips.
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Ford Motor Co.  on Tuesday said earnings will fall this year due to a drop in profit from its finance unit, which it expects to be hit by rising interest rates.
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Chipmaker reports record sales of server and notebook processors, but net income dips.
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Stocks fell on Wednesday after Intel Corp , the world's largest chip maker, gave quarterly earnings and a profit outlook that missed Wall Street estimates, fueling more recession talk.
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German electronics giant Siemens said that financial burdens connected with a technical fault in its new mobile phone handsets were likely to reduce earnings in the final quarter of its business year ending in September.
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Europe&#39;s second-largest chipmaker Infineon Technologies AG has disappointed the market after its year-end results were lower than expected, hit by record antitrust fines and other charges.
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No. 1 chipmaker Intel (INTC) on Thursday dramatically lowered its revenue estimates for the current quarter, a sign that the tech industry&#39;s rebound may be slowing.
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Applied Micro Circuits Corp., a communications chip maker, on Thursday said it expects lower second-quarter revenue compared to its first quarter, based on soft sales in Asia and lower orders.
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Stocks fell on Tuesday, after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast, prompting a sell-off in the technology sector.
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NEC Corp., Japan's third-largest  electronics conglomerate, on Thursday reported a 39 percent  fall in quarterly operating profit and cut its full-year  outlook, battered by sluggish demand for microchips and mobile  phones.
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(InfoWorld) - A major semiconductor industry group warned that an economic slowdown could crimp sales of chips used in consumer devices, while GartnerÂ on Sunday said a global chip glut is worsening. Despite recording a fourth consecutiveÂ record high level of monthly chip salesÂ in October of $21.9 billion, the Semiconductor Industry Association (SIA) warned that greater dependance on sales of consumer electronics devices such as MP3 music players and digital cameras means the chip industry could face a downturn if an economic slowdown occurs. The global industry group said recent signs of such an economic slowdown could foretell slower chip growth in coming months. Sales for now, however, remain brisk ahead of the holiday season, the SIA said, with 9.2 percent growth in October compared to the same time last year. Sales were strongest to Europe. Market researcher GartnerÂ said production lines are churning out fewer chips than they could, and that the slowdown reflects an increase in inventory levels similar to 2004, when a glut caused a downturn in the industry. Specifically, global factory utilization rates, which measure the amount of chips a factory churns out compared to its total capacity, dropped to 88.6 percent in the third quarter from 91.2 percent in the second quarter, while in advanced, 12-inch (300 millimeter) factories, utilization rates fell to 87.9 percent in the third quarter, the lowest level since the fourth quarter of 2004, when the rate bottomed at 87.3 percent, Gartner says. "So, it is looking more and more as though 2006 is repeating the inventory increase/production cutbacks seen in 2004," wrote Gartner analyst Bob Johnson in a report. He predicts that companies will slow down on factory expansion going into 2007.
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TOKYO: Shares in NEC Electronics Corp had their biggest fall since Oct 12 following a report that said Japan&#39;s third biggest chipmaker will miss its profit forecast as demand declines for semiconductors used in mobile phones and DVD recorders.