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
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