Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 11 July 2011 14:52

Elpida plans to raise $987 million

Written by Nick Farell
elpida_logo

Needs to make more product
Memory maker Elpida saw its shares tumble after it announced it wanted to raise $987 million by selling shares and convertible bonds. The chipmaker plans to sell 57.3 million new shares which is equivalent to 27 percent of Elpida’s outstanding stock.

Elpida, bailed out by the government in 2009. It’s the unprofitable company’s sixth fundraising plan since 2009. The outfit needs to invest in factories to keep up with Samsung.

However analysts think that the company is flogging too many shares and that it will dilute the value of what it has on offer. Elpida specializes in DRAM which is an industry where companies driven out of the business by low-cost competitors and cycles of boom-and-bust. The last recession killed off German memory-chip maker Qimonda.


Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments