Infineon Gloomy On Near Term After Q3 Beat

11:20 AM ET Tue, 31 July 2012

Peter Bauer, CEO of Infineon, told CNBC, "The beat wasn't that big, it was just a slight uptick on the sales line. The market on the infrastructure side is somewhat muted while automotive was strong and consumer is still ok, so we are somewhere in between and it is difficult to say how the coming quarters are going to be."