  12.7. |
STMicroelectronics
reports a 54 percent drop in second-quarter revenues, but
is cautiously optimistic for the third quarter. |
| 26.7./27.7. |
Computer
manufacturers Compaq, Fujitsu and NEC radically adjust their
earnings forecasts downwards. |
| 6.9. |
Motorola
also announces an expected fall in profits. |
| 20.9. |
Electronics
multinational Philips announces an expected decline in revenues
from its semiconductor operations. |
| 13.7./19.7. |
Infineon
implements a capital increase through 60 million newly-issued
shares at a price of 25 Euro per share. The placement is 3.8
times oversubscribed and results in proceeds of 1.5 billion
Euro. |
23.7.
|
In
the third quarter, Infineon's revenues decline sequentially
by 23 percent in comparison to the previous quarter. EBIT
decreases to a loss of 598 million Euro, as expected. The
Automotive and Industrial Electronics Business Group is the
only one posting strong results. |
| 25.7./26.9. |
As
a reaction to ongoing weak market conditions in the high-tech
sector, Infineon announces a cost-reduction and streamlining
program named "Impact", aimed at achieving significant
savings of at least 1 billion Euro within an 18-month period.
Capital expenditures are to be radically pruned. In addition,
5,000 jobs are to be cut. The program is launched with quick
and far-reaching effects. Starting in October, short-time
work schedules are introduced at the company's production
facilities in Regensburg and Munich. |
| 14.8. |
Osram
acquires Infineon's stake in their joint venture for opto-semiconductors
for 565 million Euro. |
| 16.8. |
Infineon
introduces a triple-band tuner IC, the industry's first single-chip
solution for all global terrestrial TV applications. |
| 20.9. |
With
its "my-d" product line, Infineon enters the fast-growing
smart label market. |
| 27.9. |
Infineon
has samples of a 32-bit telematics controller available, which
optimizes infotainment (Internet and mobile phone) links in
automobiles. |