Thursday, October 08, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AT&T Customers Allowed To Make Calls Over Wi-Fi
Amazon Launches App Developing Platform For IoT
18.4-inch Samsung Galaxy View Tablet Passes FCC Certification
Facebook to Test Emoji Icons
Lite-On Introduces New EP2 SSD With NVMe Protocol
SanDisk and HP Team Up to Create Memory-Driven Computing Solutions
IBM Takes On Intel's x86 Systems With New Linux Servers
LG Triples OLED TV Line-up, Slashes Prices
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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).

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
18.4-inch Samsung Galaxy View Tablet Passes FCC Certification
Samsung Says Pay is Safe, Following Hack Attempt
Samsung 3Q Operating Profit Surges
Samsung To Use Snapdragon 820 Chips In Some Galaxy S7 Phones: report
Samsung Rejects Press Claim On TV Compliance Testing
Samsung Expands Radiant360 Speaker Series
Samsung SE370 Is The First Wireless Charging Monitor
Samsung Gear S2 Coming In the U.S. October 2
Samsung Pay Launches In The U.S.
Samsung Opens New Semiconductor Component Headquarters for Americas
Samsung and Sectra To Work On Secure Smartphones for European Governmental Agencies
Next Generation of S Health Expands Compatibility to Other Android Devices

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 .