(Reuters) - FRANKFURT, July 24 - Chipmaker Qimonda
posted a quarterly loss before tax twice as deep as
expected by the market and said it would rein in capital
expenditure to counteract the effect of steep price declines.
The world's third-biggest maker of memory chips by sales
swung to a loss before interest and tax of 323
million euros in the quarter to end-June, while
sales fell 25 percent quarter-on-quarter to 740 million euros.
Read more at Reuters.com Market News
posted a quarterly loss before tax twice as deep as
expected by the market and said it would rein in capital
expenditure to counteract the effect of steep price declines.
The world's third-biggest maker of memory chips by sales
swung to a loss before interest and tax of 323
million euros in the quarter to end-June, while
sales fell 25 percent quarter-on-quarter to 740 million euros.
Read more at Reuters.com Market News
No comments:
Post a Comment