News Article
Infineon Improves Net Loss
Infineon Technologies reports its Q1 2003 (quarter ended December 31, 2002) results with revenues up 47% on 2002 at EUR1.52bn. The company says that the boost is driven by demand for memory products and chips used in mobile communications. Net losses have been cut back from 2002s EUR331mn to EUR40mn.
Infineon Technologies reports its Q1 2003 (quarter ended December 31, 2002) results with revenues up 47% on 2002 at EUR1.52bn. The company says that the boost is driven by demand for memory products and chips used in mobile communications. Net losses have been cut back from 2002s EUR331mn to EUR40mn.
"Although we see first signs of a positive market trend it is still too early to speak of a sustained overall market improvement," comments president/CEO Dr Ulrich Schumacher. "We look with cautious optimism into the future and expect a further stable development of demand in most segments. But we also expect an ongoing difficult market environment with continued pricing pressure in our wireline communications and secure mobile solutions segments in the first half of calendar year 2003."
