Infosys Technologies Ltd.'s (Infosys) 2Q 10 results outperformed market expectations, Management guidance as well as our estimates. Revenue growth reflected an improved business environment. Margin performance too did not disappoint with the company expanding profitability both q-o-q and y-o-y, through disciplined internal cost controls and higher utilization. Although volatility in the Indian rupee is a cause of concern, the company raised its…

On 10 July 2009, Infineon Technologies AG (Infineon) announced plans for a rights issue to raise approximately €725 mn in gross proceeds. The issue will be backstopped by Apollo Global Management LLC (Apollo). This is the fourth step taken by Infineon to restructure debt and improve liquidity conditions since May 2009 (following debt buyback, issuance of convertible bonds due 2014 and agreement to divest its Wireline Communication business)....

On 25 June 2009, Infineon Technologies AG (Infineon) revised its guidance for the current quarter upwards, reflecting improvement in the company's operating conditions. The company has also guided for positive free cash flow. Revised net sales guidance is higher than our previous estimate and improvement in cost efficiency is also likely to lead us to increase our estimates. During May 2009, the company took proactive…