Shareholder Class Action Filed Against Infineon Technologies AG by the Law Firm of Schiffrin & Barroway, LLP

Shareholder Class Action Filed Against Infineon Technologies AG
by the Law Firm of Schiffrin & Barroway, LLP 


BALA CYNWYD, Pa., Oct. 4  /PRNewswire/ -- The following statement was issued
today by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United
States District Court for the Northern District of California on behalf of all
securities purchasers of Infineon Technologies AG (NYSE:IFX) ("Infineon" or the
"Company") from March 13, 2000 through September 15, 2004 inclusive (the "Class
Period").

If you wish to discuss this action or have any questions concerning this notice
or your rights or interests with respect to these matters, please contact
Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Darren J. Check, Esq.) toll
free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at .

The complaint charges Infineon, Ulrich Schumacher, Peter Bauer, and Peter J.
Fischl with violations of Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934 and Rule 10b-5 promulgated thereunder.  More specifically, the
complaint alleges that the Company failed to disclose and misrepresented the
following material adverse facts which were known to defendants or recklessly
disregarded by them: (1) that the Company entered into and engaged in a
combination and conspiracy in the United States and elsewhere to suppress and
eliminate competition by fixing the prices of Dynamic Random Access Memory
("DRAM") to be sold to original manufacturers of personal computers and
servers; (2) that as a result of the price fixing, the Company was able to
maintain higher profit margins; (3) that as a consequence of the foregoing, the
Company's announced financial results were in violation of generally accepted
accounting principles ("GAAP"); and (4) that the Company's financial results
were materially inflated at all relevant times.

On September 15, 2004, Infineon announced that it had reached an agreement with
the United States Department of Justice - Antitrust Division ("DoJ") to plead
guilty to a single and limited charge related to the violation of US antitrust
laws in connection with the pricing in its DRAM business between July 1, 1999
and June 15, 2002.  Under the terms of the agreement, Infineon had agreed to
pay a fine of $160 million, an amount fully covered by the Company's recent
third quarter accrual.  On this news, shares of Infineon fell $.21 per share,
or 2.04 percent, on September 15, 2004, to close at $10.07 per share.

Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Schiffrin & Barroway, which prosecutes class
actions in both state and federal courts throughout the country.  Schiffrin &
Barroway is a driving force behind corporate governance reform, and has
recovered in excess of a billion dollars on behalf of institutional and high
net worth individual investors.  For more information about Schiffrin &
Barroway, or to sign up to participate in this action online, please visit
http://www.sbclasslaw.com/.

If you are a member of the class described above, you may, not later than
November 29, 2004 move the Court to serve as lead plaintiff of the class, if
you so choose.  A lead plaintiff is a representative party that acts on behalf
of other class members in directing the litigation.  In order to be appointed
lead plaintiff, the Court must determine that the class member's claim is
typical of the claims of other class members, and that the class member will
adequately represent the class.  Under certain circumstances, one or more class
members may together serve as "lead plaintiff."  Your ability to share in any
recovery is not, however, affected by the decision whether or not to serve as a
lead plaintiff.  You may retain Schiffrin & Barroway, or other counsel of your
choice, to serve as your counsel in this action.

   CONTACT:     Schiffrin & Barroway, LLP
                Marc A. Topaz, Esq.
                Darren J. Check, Esq.
                Three Bala Plaza East, Suite 400
                Bala Cynwyd, PA  19004
                1-888-299-7706 (toll free) or 1-610-667-7706
                Or by e-mail at 

DATASOURCE: Schiffrin & Barroway, LLP



CONTACT:  Marc A. Topaz, Esq. or Darren J. Check, Esq., Schiffrin &

Barroway, LLP, [phone] (toll free) or [phone], or e-mail:





Web site:  http://www.sbclasslaw.com/ 

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