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
* Swiss valve maker to cut hours, says outlook remains intact
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 .