Infineon Reports First Quarter Loss
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The German maker of semiconductors said that a downturn at its Qimonda computer memory chip subsidiary pushed it to a loss in the first quarter as chip prices fell.
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By From news reports  Advanced Micro Devices warned Monday that it was unlikely to meet its first-quarter revenue target of $1.6 billion to $1.7 billion, the latest in a series of disappointments for the struggling chip maker.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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Advanced Micro Devices reported a heavy loss for its fourth quarter, due mostly to charges connected to its acquisition of graphics chip maker ATI.
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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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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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Shares in the German chip maker Infineon have plunged after the company unveiled disappointing quarterly results.
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Advanced Micro Devices  (AMD), the world's second-largest maker of computer microprocessors, posted a wider quarterly loss on Thursday due to a $1.68 billion charge from its purchase of graphics chipmaker ATI.
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Citigroup Inc on Tuesday posted its first quarterly loss since its creation in 1998, hurt by write-downs for exposure to subprime mortgages and other risky debt.
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External cost pressures dragged on the company's first-quarter results.
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Struggling chip-maker Advanced Micro Devices Inc. warned Monday it is "unlikely to meet" its revenue guidance for the first quarter.
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â¢ Group 1 Automotive reported a net loss of $9.6 million for the third quarter, which ended Sept. 30. The results include a charge of $29.
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As it struggled to increase sales and cut costs, Sun Microsystems managed to reduce its net loss in the first quarter to $174 million.
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Scandal-hit Mitsubishi Motors of Japan has reported a group net loss of $A1.824 billion in the first half of the 2004 business year, compared with a loss of $A1 billion a year earlier.
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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.
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Increased demand for memory chips used in computers, portable media players, and other consumer electronic devices helped Infineon TechnologiesÂ offset a first-quarter drop in sales in the German chip maker's communications products.
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Chip maker Advanced Micro Devices  Inc. AMD.N on Tuesday reported a quarterly loss after a  year-earlier profit, weighed by weaker memory chip sales and a  charge related to debt.