(RTTNews) - Infineon Technologies (IFX) declined in pre-market trading, after reporting a wider fourth quarter loss and warning on its upcoming quarters.

The stock was down 58 cents just before 8:35 am ET, sliding to $1.45. If pre-market losses hold, the stock will open at a new low.

Infineon Technologies reported fourth-quarter group net loss of Euro 763 million or Euro 1.02 per share, compared to a loss of Euro 280 million or Euro 0.37 per share in the year-ago quarter.

Net loss from continuing operations for the fourth quarter was Euro 244 million or Euro 0.33 per share, in comparison with a profit of Euro 28 million or Euro 0.04 per share in the same quarter last year.

Revenue for the quarter grew 2% to Euro 1,153 million from Euro 1,127 million in the prior year quarter.

Looking ahead, Infineon expects revenues for the first quarter to decrease by approximately 30% from prior quarter. Infineon's total Segment Profit is anticipated to be negative in the first quarter, with a total Segment Profit margin of a negative mid-to-high teens percentage, mainly due to the sharp revenue decrease and low capacity utilization.

For fiscal 2009, Infineon projects revenues to decrease by at least 15% compared to the 2008 fiscal year. Infineon's total Segment Profit is anticipated to decrease significantly.

The company expects total Segment Profit for the 2009 fiscal year to be negative.

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