Infineon sales slip, losses widen

January 24, 2006 – Infineon Technologies AG posted revenues of 1.67 billion euros in fiscal 1Q06 ended in Dec., down 3% sequentially and 8% year-on-year, with losses widening to 183 million euros, vs. 100 million euros in fiscal 4Q05 and a profit of 142 million euros a year ago.

Slumping sales and average selling prices in the memory products segment were blamed. Revenues in this segment were 40% of overall sales (slumping 12% sequentially and 11% year-on-year to 678 million euros), but accounted for nearly two-thirds of the overall loss.


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