Qimonda Continues Talks Amid DRAM Production Decrease

jmke · 15th March 2009, 10:43

Struggling maker of dynamic random access memory, Qimonda AG, said on Friday that as it continues talks with potential investors, it would start to cut down production of memory in Dresden, Germany.

“Various investors have signaled their interest, but as yet there are no binding offers on the table. As anticipated, it will not be possible to reach a conclusive solution by the end of March. Talks with potential investors regarding a solution to keep Qimonda in operation will continue beyond the end of March 2009,” said preliminary insolvency administrator Dr. Michael Jaffé today after a meeting with the creditors committee.

The employees of the insolvent Qimonda AG and Qimonda Dresden OHG will be able to claim compensation by means of statutory insolvency payments until the end of March 2009. By the end of March, the bankruptcy court in Munich will also have received the preliminary insolvency administrator's report on the basis of which the court will make a decision on whether to open insolvency proceedings.

http://www.xbitlabs.com/news/memory/...Investors.html

15th March 2009, 10:43	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	Qimonda Continues Talks Amid DRAM Production Decrease Struggling maker of dynamic random access memory, Qimonda AG, said on Friday that as it continues talks with potential investors, it would start to cut down production of memory in Dresden, Germany. “Various investors have signaled their interest, but as yet there are no binding offers on the table. As anticipated, it will not be possible to reach a conclusive solution by the end of March. Talks with potential investors regarding a solution to keep Qimonda in operation will continue beyond the end of March 2009,” said preliminary insolvency administrator Dr. Michael Jaffé today after a meeting with the creditors committee. The employees of the insolvent Qimonda AG and Qimonda Dresden OHG will be able to claim compensation by means of statutory insolvency payments until the end of March 2009. By the end of March, the bankruptcy court in Munich will also have received the preliminary insolvency administrator's report on the basis of which the court will make a decision on whether to open insolvency proceedings. http://www.xbitlabs.com/news/memory/...Investors.html __________________

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Samsung kicks off production of 40nm 4Gb DDR3 DRAM	jmke	WebNews	0	24th February 2010 15:31
DRAM Prices Spike After Qimonda Bankruptcy	jmke	WebNews	0	2nd February 2009 20:31
DRAM prices set to decrease further in August	jmke	WebNews	0	5th August 2008 16:53
Qimonda launches Aeneon XTUNE DDR3 series	jmke	WebNews	0	21st March 2008 10:12
Qimonda supports EN8800GT from ASUS with 1Gb Memory	jmke	WebNews	0	7th December 2007 21:15
DRAM Makers Start Reducing Production	jmke	WebNews	2	23rd May 2007 16:40
Samsung, Qimonda Retain Leading Positions on the DRAM Market	jmke	WebNews	0	28th November 2006 14:02
DRAM Oversupply Widens, Claims JP Morgan	jmke	WebNews	5	30th March 2005 15:01
Worldwide DRAM Production to Grow in 2004	jmke	WebNews	0	24th January 2004 20:03