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thelurker

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thelurker

Re: None

Tuesday, 03/16/2010 7:20:20 AM

Tuesday, March 16, 2010 7:20:20 AM

Post# of 432679
Infineon gains on production expansion
Tue Mar 16, 2010 10:58am GMT
Shares in German chipmaker Infineon (IFXGn.DE) rise 2.8 percent to the top of Germany's DAX index .GDAXI after the company says it expands its production at its Dresden plant, with planned investments of 18 million euros ($24.60 million).

"News about rising demand is always good for the share," says a trader. "But one should not forget that the stock is also reversing yesterday's losses."

The company's shares fell 2.9 percent on Monday.

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.ne
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