Infineon (IFNNY.PK) provides the latest evidence the chip industry's recovery from its inventory...
Tuesday, June 26, 2012, 11:52 AM ETInfineon (IFNNY.PK) provides the latest evidence the chip industry's recovery from its inventory correction is losing momentum (I, II, III): the company warns it expects June quarter revenue to be down slightly Q/Q, compared with prior guidance of flat sales. The warning led Infineon shares to fall 13.4% on the Frankfurt exchange, and could also be pressuring shares of rival Euro chipmaker STMicroelectronics (STM -4.9%).
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