Feeds

Infineon shortlists two CEO candidates

Reports sales, income gains, too

  • alert
  • submit to reddit

Eight steps to building an HP BladeSystem

Infineon has narrowed its CEO shortlist to just two names, the memory maker's interim chief revealed after announcing the company's Q2 results.

Acting CEO Max Dietrich Kley said the board's decision as to which of the two will succeed Ulrich Schumacher who abruptly quit the company last month, could come as early as July or as late as September.

Both candidates come from outside Infineon, have chip industry experience and are German, Kley said. However, he refused to be drawn on who the company is talking to. He also threatened to remove from the running any candidate whose identity leaks out ahead of the official announcement.

Bloomberg has already claimed that one candidate is Intel's European chief, Juergen Thiel.

Kley's main task yesterday was to detail the Infineon's Q2 financial performance. Revenues for the quarter reached €1.67bn ($1.98bn), up three per cent on the previous quarter and 13 per cent on Q2 2003.

Net income totalled €39m ($46m), up 14.7 per cent on Q1's €34m ($40m) and rather better than the €328m ($388m) the company lost in Q2 2003.

Infineon attributed the sequential growth on rising memory sales volumes, which counteracted falling prices and the effect of the weak dollar, and improved revenues from its automotive and industrial business group. ®

Related stories

Schumacher quits Infineon EC approves Infineon state aid package
Memory makers hit by price-fixing claims

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.