Thursday, January 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HyperX Sets DDR4 Overclocking Record
Intel 5th Generation vPro Processors Released
Mobile Provider TracFone to Pay $40 Million to Settle FTC Charges
Intel Releases New 20nm SSDs For Data Centers
Microsoft Brings Office To iOS and Android Devices
LG Electronics Q4 Net Loss Widens, Full Year Profit Soars
Samsung Reports Weak Q4 Results
Compal To Take Over Toshiba's TV Business
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 Home > News > General Computing > Elpida ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 23, 2012
Elpida Memory Cleared To Begin Corporate Reorganization


Japan's Elpida Memory, the world's third-largest maker of DRAM, said Friday it will begin reorganization proceedings and submit a final plan by August.

Elpida filed for bankruptcy in February in a Tokyo District Court, saying it had accumulated debts of US$5.4 billion as of March of last year. The court made the order to commence corporate reorganization proceedings on Friday.

Yukio Sakamoto, President & CEO have been appointed by the court to serve as the Trustee with Nobuaki Kobayashi, attorney-at-law.

"We deeply regret and remain concerned about the hardship and inconvenience caused to you by recent events," wrote Trustees of Elpida Memory Yukio Sakamoto and Nobuaki Kobayashi in a letter to the company's stakeholders. "However, now that Elpida has permitted from the Court to move ahead corporate reorganization proceedings, we intend to fulfill our responsibilities as the Trustees by doing our best to administer Elpida for reorganizing its business. To maintain the degradation of the company's corporate value and maximize the value of its assets, we will reflect on and take advantage of Elpida?s many years of experience in the semiconductor industry."

The Japanese company is expected to search for outside investors and attempt to turn its business around. Earlier this week, the Nikkei business daily reported that Elpida was in discussions with Micron and possibly Intel.


Previous
Next
VIA Releases New System-on-Module Solutions        All News        Acer Iconia Tab A510 Tablet Shipping In the U.S.
VIA Releases New System-on-Module Solutions     General Computing News      Facebook Buys IBM Patents To Build Legal Defenses

Get RSS feed Easy Print E-Mail this Message

Related News
Elpida Memory Becomes Micron Memory Japan
Micron Acquires Elpida, Enhances Its DRAM Portfolio
Elpida Acquisition To Close This Month
Micron Closer To Elpida Memory Deal
Tokyo High Court Dismissed Creditor Appeals Against Elpida's Reorganization plan
Elpida Creditors Appeal Court's Approval of Company's Purchase
Tokyo Court Approves Elpida Reorganization Plan
China Clears Elpida's Acquisition By Micron
Japan Fair Trade Commission Clear Micron's Acquisition Of Elpida
Court Approves Elpida's Reorganization Plan
Risks Come with Rewards in Micron's Purchase of Elpida
Elpida Bondholders Oppose Micron Takeover

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 .