2nd-quarter Loss Narrows For Germany's Infineon

GEORGE FREY

FRANKFURT (AP) — German computer chip maker Infineon Technologies AG said Thursday that it narrowed its second-quarter loss, but the global economic crisis pushed down sales and the company predicted a full-year operating loss.

Infineon's net loss for the January-March period, its fiscal second quarter, was euro258 million ($343 million), which the company said compared with a loss of nearly euro2 billion a year earlier. That figure was weighed down by charges related to struggling memory chip unit Qimonda AG

Neubiberg-based Infineon, which makes semiconductors and products for computerized systems, said second-quarter sales were down 25 percent to euro747 million from euro1 billion a year earlier. Infineon's fiscal year begins in October. ...