By Claudia Rach
June 4 (Bloomberg) -- German stocks rose, led by the chipmaker Infineon Technologies AG, after Intel Corp., the world's biggest maker of semiconductors, said sales might meet its highest estimates this quarter.
The benchmark DAX Index gained 25.56, or 0.7 percent, to 3942.64 as of 10:05 a.m. in Frankfurt. Twenty-four stocks advanced and six declined. The HDAX Index of the country's 110 biggest companies advanced 0.6 percent to 2017.81 points. DAX June futures rose 0.5 percent to 3945.5 points.
The following stocks are making significant gains or losses today. Stock symbols are in parentheses after the company names.
DaimlerChrysler (DCX GY) added 46 cents, or 1.3 percent, to 37.33 euros. The Dodge Charger, the Jeep Commander sports-utility vehicle and the Chrysler Sebring sedan to be introduced by DaimlerChrysler's U.S. unit got a favorable reception from industry analysts, the Wall Street Journal reported, citing Stephen Girsky at Morgan Stanley.
Infineon Technologies AG (IFX GY), Europe's second-biggest maker of semiconductors, rose 18 cents, or 1.7 percent, to 10.94 euros after Intel Corp. said quarterly revenue will total $8 billion to $8.2 billion as demand rises for flash-memory chips used in mobile phones. In April, Intel had forecast a range of $7.6 billion to $8.2 billion.
Metro AG (MEO GY) added 45 cents, or 1.1 percent, to 40.10 euros. Europe's third-largest retailer is considering expanding its electronics retail chain Media Markt into Russia, Die Welt said, citing Chief Executive Hans-Joachim Koerber.
Paragon AG (PGN GY) gained 28 cents, or 2.2 percent, to 12.78 euros. The maker of sensors received 8 million euros ($9.8 million) from IKB Private Equity GmbH and DKB Deutsche Kreditbank AG as part of a loan agreement. The company will have to repay the amount by the end of 2010, with the final amount based on profitability measures.
To contact the reporter on this story: Claudia Rach in Berlin at crach1@bloomberg.net.
Last Updated: June 4, 2004 04:07 EDT
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