Infineon Technologies AG

ots Ad hoc-Service: Infineon Technologies AG Infineon raises profit forecast for third quarter and fiscal 2000

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Munich (ots Ad hoc-Service) - Infineon raises profit forecast for third quarter and fiscal 2000 Due to the increased demand for memory products and the better than expected positive price trend in this segment, Infineon Technologies has increased forecasts of the income it expects to generate in the third quarter and for fiscal 2000. The company expects EBIT (Earnings before Interest and Tax) for the third quarter (ending June 30, 2000) to be significantly above 300 million euros. Higher memory prices, which have been rising sharply since June, as well as above-average productivity gains, if continued, are likely to lead to even higher income in the fourth quarter. Apart from the memory business, demand has also been consistently high for products from all other segments in wireless and wired communications, automotive and security and chipcard ICs. Compared to revised sales forecasts for the worldwide semiconductor industry, Infineon is still set to grow significantly faster than the market. The World Semiconductor Trade Statistics (WSTS) recently lifted its growth forecast for the year 2000 from 18.7 percent to 30.6 percent. Infineon plans to announce its third quarter results of fiscal year 2000 on July 26, 2000. Disclaimer on Financial Projections ----------------------------------- Any statements in this document that are not historical facts, including statements regarding price levels of memory products and demand for our memory products and other semiconductors, are forward-looking statements that involve risks and uncertainties; actual results may differ materially from the forward-looking statements for a number of reasons, including changes in demand for memory products and other semiconductors, changes in supply of these products and changes in demand for the products that incorporate our semiconductors. Infineon Technologies undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. In case of further questions don't hesitate to contact us. INVESTORS & ANALYSTS: Matthias Poth / Achim Schneider Investor Relations Phone: +49-89-234 26655 Email: investor.relations@infineon.com JOURNALISTS: Katja Schlendorf Media Relations Phone: +49-89-234 28480 Email: media.relations@infineon.com Further information at www.infineon.com End of Message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Infineon Technologies AG, übermittelt durch news aktuell

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