Reuters: Technology News: Infineon lowers outlook as hit by global slowdown

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Infineon lowers outlook as hit by global slowdown Jun 26th 2012, 14:35 FRANKFURT | Tue Jun 26, 2012 10:35am EDT FRANKFURT (Reuters) - German chipmaker Infineon lowered its sales outlook for its fiscal third quarter after being hit by the global economic slowdown, it said on Tuesday. The group said it now expected a slight decline in revenues in the March-to-June quarter compared with the previous quarter and a total segment result margin of around 12 percent. Infineon had previously expected its third quarter revenue and segment margin to be broadly flat. In the fiscal second quarter it reported revenue up 4 percent to 986 million euros ($1.23 billion) and a margin of 14.6 percent.

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