Infineon gloomy on outlook for second quarter
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German semi-conductors giant Infineon expressed concern about the outlook for business in the second quarter of its fiscal year after earnings in the first quarter fell short of expectations.
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The company meets already lowered second-quarter expectations.
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EUROPE&#39;s biggest chipmaker, Infineon, rocked the technology world today as profits fell e100m (Â£70m) short of analysts&#39; expectations.
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SAN FRANCISCO (CBS.MW) -- National Semiconductor reported fiscal first-quarter sales in line with its previously reduced targets Thursday, but the chipmaker said inventory adjustments will continue to sink sales during the second quarter.
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High-tech bellwether Intel Corp. lowered its financial outlook yesterday, providing the latest sign of the economy's doldrums.
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But that optimism isn&#39;t matched by Infineon, which said that while the market worldwide remains buoyant, the US is a special case and cautioned that growth might not be as strong as it expected.
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Shares of chip design software company Magma Design Automation Inc. fell Wednesday as the company reiterated its second-quarter outlook but lowered its guidance for the year.
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit versus a year earlier loss but a weak forecast  due to weakening consumer and communications demand sent shares  down nearly 8 percent.
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The chip maker, a closely watched indicator of the overall health of the technology industry, reported net income of $1.3 billion, on revenue of $8.7 billion in the second quarter.
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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 US and European antitrust actions, the company said Tuesday.
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Chip maker National Semiconductor Corp. lowered its sales guidance for the fiscal second quarter Monday, citing a lack of improvement in short-term orders and weak demand.
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The inventory correction claimed another victim late Monday as National Semiconductor (NSM:NYSE - news - research) said that second-quarter revenue would decline by nearly 20%, about twice the amount it had expected.
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Apple earnings were very strong during its first fiscal quarter, but it disappointed financial analysts with its second quarter guidance amid a nervous stock market, and iPod sales were lower than expected.
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The techno gadgetry retailer has another rough month.
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A timid near-term outlook sends shares tumbling, but it doesn't hurt the long-term view.
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German semi-conductors giant Infineon's earnings rose sharply in the first three months of its current business year, but solely as a result of one-off factors and said the outlook for the second quarter was ...
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Memory was little help to Munich, Germanyâs Infineon Technologies AG in its now closed fiscal Q4. The company reported Q4 revenues of $2.