Infineon CEO wants to sell flagging Qimonda unit... badly

Little known tidbit for those not keenly watching the happenings at Infineon: the firm was forced to write down the value of its Qimonda stake by €1 billion ($1.57 billion) in April. Not surprisingly, Infineon's head honcho is about ready to rid the company of the flagging unit, making quite a few direct statements in a Germany daily saying as much. For starters, CEO Peter Bauer stated that "a complete sale is possible as is a sale of a minority stake," and he continued by affirming that it was already "speaking to financial investors and other companies in the industry." Just in case you had any doubts whatsoever that this cat was serious, he proclaimed that "[the firm] was working with utmost urgency on the question how to close the chapter on Qimonda as quickly as possible." Unrequited love at its finest.

[davecrob1293 @ Jul 26th 2008 3:34PM]

wats wrong with this article

[ghostsfp @ Jul 26th 2008 3:36PM]

everything

[DarkRail @ Jul 26th 2008 3:36PM]

It's just very succinct.

[davecrob1293 @ Jul 26th 2008 3:54PM]

well the bullet points give me an idea

[Mam00th @ Jul 26th 2008 4:20PM]

This article was so awesome that it torn the fabric of the internet apart!

[derX @ Jul 26th 2008 4:22PM]

...let's see, as of this post, there have been 37 comments.

Let's see how long this can last....

-----

I can't explain it, but I am almost certain this has something to do with Crab people. I just know it.

[Darren @ Jul 27th 2008 1:58AM]

Clearly, had some site issues with this one. Sorry!

[OneLove @ Jul 27th 2008 12:05PM]

Did I miss something? (damn it)

[I LOVE THE CAPS LOCK KEY @ Jul 28th 2008 4:54AM]

I know: What does Kendall Motor Oil have to do with Infineon selling Qimonda?



http://www.kendallmotoroil.com/
http://www.conocophillips.com/newsroom/logos_identity/Kendall/components/stacked/index.htm

[cheater912 @ Jul 26th 2008 3:35PM]

idk but it's cool

[derX @ Jul 26th 2008 4:40PM]

It certainly is cool.

Engadget's pulled a MobileMe and got all glitchy and crap, loosing comments to be cool like Apple.

Don't worry, guys, it's only $99 for a year. It's totally worth it!

[fs @ Jul 26th 2008 3:37PM]

It's written in white

[Chris @ Jul 26th 2008 3:45PM]

I wonder how many people are actually going to scroll back up to see if it is...

[y3k.nik @ Jul 26th 2008 3:50PM]

I just did! dang

[Andrew @ Jul 26th 2008 4:10PM]

Bastards. :)

[andres @ Jul 26th 2008 4:20PM]

****

[Haikibutsu @ Jul 26th 2008 4:33PM]

>.

[KEROLiUKAS @ Jul 26th 2008 3:38PM]

WTF?

[collegekid13 @ Jul 26th 2008 3:40PM]

they apprently want to sell it so bad that they won't even let the media use images of it

[Bunson @ Jul 26th 2008 3:49PM]

Or even write about it.

[Chris @ Jul 26th 2008 4:02PM]

EVERYTHING MUST GO! Wait, where did it go!?

[Mr. Fax Sender @ Jul 26th 2008 3:40PM]

Awesome article.

[DBrim @ Jul 26th 2008 4:12PM]

Holy missing article, Batman!

[d @ Jul 27th 2008 12:09PM]

holy awsome icon, too
what was the article about?

[Dan @ Jul 26th 2008 3:41PM]

I like where this is going....

[SneAKz @ Jul 26th 2008 3:42PM]

Looks like Engadget's falling apart without Ryan.

[Not the first one @ Jul 26th 2008 7:21PM]

Tell me about it.

FIRST!!

[Joe Pollicino @ Jul 26th 2008 3:54PM]

Block left? :(

[pussy fart @ Jul 26th 2008 3:43PM]

faaaaaaaaaaaaart

[BuddhaBoy @ Jul 26th 2008 4:54PM]

Or is it qweeeeeeeeeeeeeeeeeeeeeeffff?

[grumpyOldMan @ Jul 26th 2008 3:43PM]

FAIL

[grumpyOldMan @ Jul 26th 2008 3:54PM]

This would never happen if it was an article on the iPhone...

[Matt @ Jul 26th 2008 3:45PM]

Oooh, this is nothing but GOOD for the consumers. I've always wanted one of those flagging Quimondo Units, and now that they want to sell them (and badly at that!), consumers everywhere should be able to pick one up for pennies!

[/sarcasm]

[broli @ Jul 26th 2008 3:46PM]

I guess engadget wanted to guarantee the scoop on this. So they first posted an empty article with just a title and are now typing the article as we speak.

[N3XuS @ Jul 26th 2008 3:52PM]

WOW! What an interesting read...

[Tony @ Jul 26th 2008 3:54PM]

I don't know, I think this is his best article yet!

[chickenator @ Jul 26th 2008 3:58PM]

wow i love the ads!

[Sarig @ Jul 26th 2008 4:05PM]

Man, even Engadget is getting in on this "first!" thing, with posting pointless shit as fast as possible ;)

[Wolfticket @ Jul 26th 2008 4:09PM]

These comments will make no sense when (if) the article is fixed.
I would like to state for the record that this post once showed only 4 bullet points.

[WinterTiger @ Jul 26th 2008 4:18PM]

Yeah, people will be wondering about the whole first page. And I only count 3 bullets using IE8 in IE7 mode. Just for the curious...

[Nik @ Jul 26th 2008 4:37PM]

Am using Firefox 3 and counted 4...

[Wolfticket @ Jul 26th 2008 4:51PM]

Well over an hour and still no change.
Surely the combined might of the Engadget staff and AOL should have come up with a fix by now.
At least it is more exciting to read that another mediocre budget digicam post :P

[Jack @ Jul 27th 2008 2:06PM]

Why are there so many random posts on this terribly boring post?!?!?

[Nik @ Jul 26th 2008 4:13PM]

Wow, the whole entire site is messed up...

[andres @ Jul 26th 2008 4:21PM]

its always been that way

[Nik @ Jul 26th 2008 4:24PM]

No, the sidebars are much lower and the site is distorted....

[michas_pi @ Jul 26th 2008 4:17PM]

In before article correction.

[Whitetiger @ Jul 26th 2008 4:20PM]

FRANKFURT (Reuters) - Infineon (IFXGn.DE: Quote, Profile, Research, Stock Buzz) is in talks with private equity firms and companies about the sale of its loss-making memory chip unit Qimonda (QI.N: Quote, Profile, Research, Stock Buzz), its chief executive told a German daily.

"There are no taboos: a complete sale is possible as is a sale of a minority stake," Peter Bauer told Sueddeutsche Zeitung in an interview published on Saturday.

"We are speaking to financial investors and other companies in the industry," Bauer added.

Communications and automotive chipmaker Infineon has failed to find a buyer for the 77 percent of Qimonda it owns after carving out and listing its former memory unit in 2006 in the hope of cutting its exposure to the volatile memory chip market.

"We are working with utmost urgency on the question how to close the chapter on Qimonda as quickly as possible," Bauer said.

Infineon wants to have a solution by in time for its annual general meeting next year.

On Friday, Infineon announced another writedown of 411 million euros on its Qimonda stake.

In April, Infineon wrote down the value of its Qimonda stake by 1 billion euros.

(Reporting by Nicola Leske, editing by David Christian-Edwards)

Source: http://www.reuters.com/article/technologyNews/idUSL633954520080726?feedType=RSS&feedName=technologyNews



HOORAY!!! I'm a blogger on engadget!

[derX @ Jul 26th 2008 4:25PM]

...which means you're going to be subject to seemingly random criticisms.
For example:

The first line of that article contains an "i," "p," "h," "o," "n," and "e." I mean, seriously, when the hell are you guys NOT going to mention that?

[Eric @ Jul 26th 2008 4:21PM]

It wasn't supposed to be an article, just an FYI. In case you were interested in buying.