Qimonda AG American Depositary Shares (fka QMNDQ)

[javadreams]

No end of the crisis Infineon doubts Qimonda rescue sombre scenario: The solid-state group of Infineon is not persuaded completely of the fact that his groggy memory chip subsidiary from the coarsest is out. Even the state rescue package is no guarantor for the reorganisation. The solid-state group of Infineon is worried in spite of the state rescue package for Qimonda about the future of his groggy memory chip subsidiary. Though these were recently promised to emergency advance more than 325 million euros and guarantees for credits more than 280 million euros. However, it would not be guaranteed "" that the measures "enable Qimonda to fulfil her liabilities", noted Infineon on Tuesday in his current annual report. The aid is further no guarantor for it, "that Qimonda can move other operational or strategical initiatives successfully which are likely to improve her financial situation." For the case that the subsidiary with the credit negotiations and the reorganisation fails "Qimonda difficulties could have to follow to her due liabilities", informed Infineon. However, negotiations above the first credit more than 150 million euros which should be granted under state guarantee are already in an advanced stage. Beside the public guarantees 325 million euros make available the mother's group of Infineon, the free state Saxony and the country Portugal to the rolling memory chip manufacturer in credits. Infineon tries to reduce his corporate debt as quickly as possible. In October and November the group according to own specifications bought back exchange and change loan interests more than a total of 117 million euros. In the current and next financial year the group numbered his due liabilities at 980 million euros. The possibilities of the Refinanzierung are limited on account of the low nevertheless exchange rate level.

http://www.ftd.de/technik/it_telekommunikation/:Kein-Ende-der-Krise-Infineon-zweifelt-an-Qimonda-Rettung/455539.html