Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 11 November 2008 09:29

Qimonda is in major trouble

Written by test

Image

Stock falls below NYSE minimum, could be delisted

Qimonda is having some problems with its share prices and unless the company can get things sorted out, they'll be delisted from the New York Stock Exchange. To be listed on the NYSE the shares need to be traded at US$1.00 or more and Qimonda has been trading below this for the last 30 days.

This is indeed bad news, although Qimonda issued a press release stating that the company is going to take steps to get its shares up to the required level within the next six months. Qimonda will have to inform the NYSE about its intent to get its shares trading at the right level and if it can't manage to get the shares up to the right level or higher within the next six months, Qimonda will be delisted.

We're hearing rumors in the industry from some of Qimonda's competitors that they're not expecting Qimonda to stay in business for much longer, as the company has already lost too much money and its main owner, Infineon, isn't likely going to be patching things up. One of the reasons for this is that Infineon doesn't want to pay back large sums of money given to Qimonda by the German government in subsidies for its memory plants there.

You can find the official press release here
Last modified on Wednesday, 12 November 2008 05:54

test

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