Update 4: 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 US and European antitrust actions, the company said Tuesday.
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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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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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Analysts, though, viewed the revenue drop as a sign the chip industry's glut might be dropping.
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Illinois Tool Works Inc.  cut its  quarterly profit outlook on Friday, becoming the latest  manufacturer to warn of the effects of a slowing U.S. economy.
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Diversified manufacturer Illinois Tool Works Inc  said on Monday it cut its fourth-quarter earnings estimate due to weakness in North American end markets, sending its shares down 4 percent in pre-market trading.
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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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Intel Corp. INTC.O shares slipped on  Tuesday after Credit Suisse First Boston downgraded the stock,  forecasting that the computer chip maker will have difficulty  outperforming the overall semiconductor sector next year.
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German chip maker Infineon Technologies AG said Tuesday it would cut jobs and undertake a large overhaul of its money-losing fiber-optic operations following a failed attempt to sell the unit.
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Samsung Electronics, the world's top memory chip maker, is set to post a 15 percent drop in quarterly profit on Friday after a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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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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High-tech bellwether Intel lowered its financial outlook yesterday, providing the latest sign of the economy&#39;s doldrums. The Silicon Valley computer giant said its third
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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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Advanced Micro Devices yesterday warned that revenues in the third quarter would be lower than earlier forecasts, echoing a similar statement from Intel last month - its biggest rival in the chip sector.
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Shares in chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) fell 3 percent on Tuesday after Philips (PHG.AS: Quote, Profile, Research) gave a cautious outlook for its chips unit and analysts worried the German firm
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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.
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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 ...