Feeds

Infineon makes profit shock

IPO set for Feb/March 2000

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Siemens' spun-off semiconductor operation Infineon scored itself a $22.75 million profit for its latest fiscal quarter, ended 30 June. The division recorded sales of $1.25 billion. And Infineon is now set for a February/March 2000 IPO, according to Siemens CFO Heinz-Joachim Neuberger. Infineon has been well known for its overall inability to make money -- it's one of the reasons Siemens decided to spin the operation off in the first place. Indeed, for the nine months to 30 June, the company lost $34.5 million, sales of $3.35 billion. This period marks the only time Siemens has released separate results for Infineon, a move made earlier this year to comply with the US Securities & Exchange Commission. Infineon's new-found profit-making status probably explains the new IPO date. Earlier hints from Siemens and Infineon senior execs suggested the company was looking at this Autumn, though with a cautious "no sooner than October", just in case. Neuberger also said Siemens would float off its passive components business early Q4 1999. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.