Infineon cancelled a takeover contract signed in April 2004 for the glass fibre manufacturer Finisar, Finisar had delayed the handing over of documents required by the US stock exchange supervisors which prompted Infineon to stop the transaction and they will "check all legal possibilities to recover the damage caused in an arbitration procedure in Germany.” According to the contract that was modified in October 2004, Infineon took over approximately 110 million Finisar common stock in value of about 206 M US$. Finisar ended its second quarter with a turnover of 71 M US$ and a loss of 23 M US$.
