Infineon 4th-quarter net jumps, sales up 55%
TEL AVIV (MarketWatch) — Infineon Technologies AG, the Neubiberg, Germany, chipmaker, reported fiscal fourth-quarter net income jumped on 55% higher sales. For the quarter ended Sept. 30, earnings reached 390 million euros ($531.1 million), or €0.33 euro a share, from €11 million, or €0.01, in the year-earlier quarter. Earnings from continuing operations were €193 million versus €10 million. Revenue rose to €942 million from €609 million. For fiscal 2010, Infineon’s board declared a dividend of 0.1 euro a share. For the first quarter of fiscal 2011, Infineon sees revenue even with or down slightly from fourth-quarter 2010. Full-year revenue should rise 10%.
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