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Old 19th February 2006, 17:42   #1
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Infineon dumps Memory Biz

Infineon Technologies AG CEO Wolfgang Ziebart Thursday prepared company shareholders for an initial public offering of the Munich-based company’s memory business.

Ziebart, addressing Infineon shareholders at the company’s Annual General Meeting, said the planned spinoff of the memory business will not be in the form of a subsidiary, but a completely independent company under another name.
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