Key Developments: Infineon Technologies AG (IFXGn.DE)

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Latest Key Developments (Source: Significant Developments)

Infineon Technologies AG Secures New U.S. Government Contract To Supply Secure Chip Technology For ePassport Program
Tuesday, 14 Aug 2012 11:03am EDT 

Infineon Technologies AG announced that the U.S. Government Printing Office (GPO) awarded the Company a new contract to supply security chip technology embedded in the U.S. electronic passport. GPO produces the electronic passport for the Department of State, which issues the document to U.S. citizens. The passports include a security chip embedded in the back cover. This chip securely stores the citizen's credentials according to international standards of travel documents. In this new procurement, GPO named Infineon Technologies as a prime contractor. The new five-year contract award extends Infineon's engagement as a contractor to electronic passport program. Infineon has been a supplier to the program since GPO first began producing the documents in 2005.  Full Article

Infineon Technologies AG Confirms Q4 of the FY 2012 Guidance
Tuesday, 31 Jul 2012 01:31am EDT 

Infineon Technologies AG announced that it has confirmed its outlook for the Q4 of the fiscal year 2012. Compared to the Q3 of the fiscal year 2012, the Company expects roughly constant or slightly declining revenues and segment profit margin of approximately 12% (Q4 estimates of EUR 975.19 million, Q3 actual of EUR 990.00 million). Based on the latest outlook for the Q4 of fiscal year 2012, the full fiscal year 2012 revenue will be approximately 3% down from the fiscal year 2011 (fiscal year 2011 of EUR 3,997.00 million, fiscal; year 2012 estimates of EUR 3,892.03 million). According to I/B/E/S Estimates, analysts on average are expecting the Company to report Q4 of the fiscal year 2012 a Segment Result Margin between 13% and 14% of revenue.  Full Article


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PARIS - Technology and telecoms firms could be the big winners in a connected car market that may be worth $50 billion over the next decade, luring investors away from traditional automakers.

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