Infineon Falls on Warning - TheStreet

Infineon (IFX) was down 14.8% in midafternoon trading. The German chipmaker warned this morning that third-quarter revenue would be down 30% from the second quarter, resulting in a loss of 600 million euros.

Although it has taken cost-cutting measures, the company also said it could not rule out a loss for its full fiscal year.

The company blamed the outlook on market conditions that have deteriorated since it reported second quarter results in April.