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thelurker

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thelurker

Re: None

Thursday, 07/19/2007 12:34:16 PM

Thursday, July 19, 2007 12:34:16 PM

Post# of 432731
LONDON, July 18 (newratings.com) - Analysts at Credit Suisse maintain their "neutral" rating on Infineon Technologies AG (IFX.ETR). The target price has been raised from €11 to €13.

In a research note published this morning, the analysts mention that the company is likely to post its F3Q EPS at -€0.24, marginally short of the consensus. Revenues in Infineon Technologies’ communication business are expected to have grown significantly on a sequential basis and the business is on track to achieving a break-even by end-FY07, the analysts add. Credit Suisse expresses its optimism regarding the company’s Communication segment being a viable business solution going ahead, in view of some key design wins.
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