Wednesday, April 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook User Tracking Violates EU Law, Research Says
Google Releases Cheaper Chromebooks
Intel Releases New Braswell SoCs
WD's My Passport X Delivers 2 TB of Storage for Xbox One and PC Gamers
Google To Use SSDs From Samsung: report
Microsoft Introduces The Surface 3
Samsung Now Offers New Lineup of 3-bit V-NAND Based 850 EVO SSDs for Ultrathin PCs
Samsung, LG End Legal Disputes
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > Qimonda...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, January 26, 2009
Qimonda Files For Insolvency, Samsung Posts Losses


German chipmaker Qimonda filed for insolvency on Friday after last-ditch talks to secure a state-led rescue failed.

Qimonda said it filed an application to open insolvency proceedings, aiming to reorganize operations as part of an ongoing restructuring program -- just nine days after a similar move by Canadian telecoms gear maker Nortel Networks.

Qimonda's parent company, Infineon, said it expected to make provisions in the hundreds of millions of euros.

Qimonda has been struggling with a slump in prices for dynamic random access memory chips.

"German insolvency law offers the opportunity to accelerate the restructuring process that has already been started in order to reposition the company back onto a solid base," said Kin Wah Loh, President and Chief Executive Officer of Qimonda AG.

"Qimonda has considerable potential for successful repositioning thanks to its leading-edge and innovative Buried Wordline technology, a strong product portfolio, particularly in the areas of graphics and infrastructure, and more than 20,000 patents and patent applications," the company said in a press release. "The Qimonda Management Board will do its utmost, subject to the agreement of the preliminary insolvency administrator, to secure the financial funds necessary for the company?s reorganization in negotiations with potential lenders and investors. Given Qimonda?s technological strengths, the Board sees good chances for success."

Samsung Electronics also posted its first-ever quarterly loss, in the latest signs of recession hitting the technology sector.

Samsung said oversupply and uncertain demand on the chip market would continue, while it posted its first-ever quarterly loss, joining a host of technology companies including Microsoft and Nokia suffering from diving prices and slumping consumer demand.

Samsung posted a fourth-quarter operating loss of 937 billion won ($682 million).


Previous
Next
Intel Chairman Craig Barrett to Retire in May        All News        GeForce 181.22 WHQL Drivers Released
Intel Chairman Craig Barrett to Retire in May     General Computing News      Google Profits Up On Strong Ad Sales

Get RSS feed Easy Print E-Mail this Message

Related News
Google To Use SSDs From Samsung: report
Samsung Now Offers New Lineup of 3-bit V-NAND Based 850 EVO SSDs for Ultrathin PCs
Samsung, LG End Legal Disputes
Samsung Listed In Nvidia's Chip Providers
Samsung to Bring Microsoft Services on More Devices
Samsung Expands Its Lineup of Curved Monitors
Samsung Demonstrates Enterprise Platforms at CeBIT 2015
Samsung Strengthens Its SSD Business With New Apple Macbook Deal
Samsung Expands Digital Display Portfolio with YESCO Electronics Acquisition
Samsung Lost Top Position to Apple in Q4's Global Smartphone Market
Samsung Releases New Image Sensor and NFC IC For Mobile Devices
Crafted from Metal and Glass, Samsung Galaxy S6 and Galaxy S6 Edge Are Here

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .