VAT Group AG (VACN.S)
FRANKFURT, Oct 10 German chipmaker Infineon Technologies stood by its earnings forecasts as semiconductor stocks tumbled on Wednesday, after Swiss vacuum valve maker VAT Group said it was cutting working hours at one factory due to weak demand.
* Swiss valve maker to cut hours at one plant, outlook intact
ZURICH Swiss vacuum valve maker VAT Group , which supplies equipment to the semiconductor industry, said it was cutting working hours at a factory because demand from customers had slumped, sending its shares tumbling on Wednesday.
* Swiss valve maker to cut hours, says outlook remains intact
* VAT GROUP -ANDREAS LEUTENEGGER CFO OF VAT GROUP AG WILL LEAVE ORGANIZATION EFFECTIVE DECEMBER 31, 2018 Source text for Eikon: Further company coverage:
ZURICH, Aug 2 The Swiss blue-chip SMI was seen opening 0.2 percent lower at 9,153 points on Thursday, according to premarket indications by bank Julius Baer .