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DRAM memory products supplier Qimonda(QI Quote) swung late Tuesday to a first-quarter profit on rising sales largely attributable to an overall increase in bit shipments.
Net income for the quarter ended Dec. 31 rose to 177 million euros ($230.7 million), or 68 cents a share. A year ago, the DRAM memory products supplier lost 42 cents a share.
The Germany-based company said first-quarter revenue increased to $1.5 billion from $882.8 million a year ago. ...
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