Saturday, April 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Amazon Announces Kindle Service For Samsung Devices
Samsung Galaxy S5 Carries A Very High Bill of Materials
Researchers Hack Galaxy S5's Fingerprint Scanner
Samsung SDI Introduces Large Capacity, Curved Battery
Samsung To Hold 'Kapture The Moment' Event
Samsung Galaxy S5 and New Gear Devices Launch Globally
SAMSUNG Expands Its Zero Client Lineup with New Desktop Endpoint
Samsung Galaxy Note 4 Coming In September
Samsung Accelerates DDR4 Production
Samsung's Next Smartwatch to Go Solo
Samsung Launches The Galaxy ACE Style

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .