Word: infineon
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...Infineon Technologies
...here comes the bear case. Some big European technology and telecom firms are in serious distress. Last week, just one day after celebrating its listing on the New York Stock Exchange, German electronics giant Siemens announced it would not meet its earlier sales and earnings targets. The firm's Infineon Technologies semiconductor unit was a victim of a global pullback in technology spending, which has sent memory chip prices plummeting. Sweden's Ericsson, owned directly or indirectly by half of that country's population, has announced that it will lose as much as $510 million in the first quarter instead...