Thursday, May 28, 2009

Qimonda's assets versus responsibilities

Today's Jornal de Negócios reports of a total of Qimonda Portugal's responsibilities in the amount of 335 million Euros against assets of only 232 million Euros. This while "troubled German semiconductor maker Infineon has asked the government for around 500 million euros (690 million dollars) in loan guarantees, a press report said on Thursday." Take a good look at the arguments fielded in order to justify the request.
Respective financial engineering is described here and here.

posted by Carlos A. Páscoa Machado @ 5:20 PM 0 comments

Wednesday, May 27, 2009

Claims recently stated

Today's Jornal de Negócios reports on claims from Qimonda/Germany against Qimonda/Portugal of a credit in the amount of 50 million Euros.
Additionaly, the Portuguese government would claim 140 million Euros in subsidies or subsidized credits and banks BES and BCP 70 millions Euros each.
Overall, this would amount to about 290 million, from which the 150 million recently borrowed from Qimonda/Portugal by Qimonda/Germany would have eventually to be deducted.

posted by Carlos A. Páscoa Machado @ 7:53 AM 0 comments

EETimes.com - Asset strippers circle Qimonda

EETimes.com - Asset strippers circle Qimonda

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posted by Carlos A. Páscoa Machado @ 7:50 AM 0 comments

Tuesday, May 26, 2009

How Microsoft is Fixing Netbook Prices

How Microsoft is Fixing Netbook Prices

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posted by Carlos A. Páscoa Machado @ 8:04 AM 1 comments

Friday, May 15, 2009

Intel - AMD = Antitrust - Subsidies

The European Commission's recent fine on Intel indirectly favoring AMD reminded us of another case that can help us understand the relationship between Infineon and Qimonda, namely the relationship between AMD, based in the USA, and its spinoff Globalfoundries, based in Dresden, Germany, but apparently already also with a highly subsidized manufacturing facility in Malta, NY.
In order to gain a first insight into this case, please take a look at a comment on a newsrelease about the fine clicking here, or copying and pasting it on the address line of your web browser:
http://opinion.latimes.com/opinionla/2009/05/intel-christine-varney.html

Apparently the EU fine would just be a move against Intel and in favor of its EU highly subsidized rival AMD/Globalfoundries.

Any comments, confirming or infirming the data and views laid out in this link, especially on the business model in place between AMD and its spinoff Globalfoundries, apparently different from the one linking Qimonda/Portugal and Qimonda/Germany, are most welcome.

posted by Carlos A. Páscoa Machado @ 7:51 AM 0 comments