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Analysis of Qimonda AG.

Publication: M2 Presswire
Publication Date: 30-APR-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 April 2007-Blue Chip News: Analysis of Qimonda AG(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:30042007

Qimonda has this to say to its parent company: Thanks for the memories! Infineon Technologies has spun off this vendor of memory chips in the hopes that it will bob to the top of the turbulent DRAM market. Qimonda (pronounced "key-MOAN-duh") is challenging Samsung Electronics for supremacy in the field of DRAMs. Qimonda's separation from Infineon comes as the DRAM market is enjoying an upswing. The volatile market is experiencing price declines, which are offset by increased volume of product sales. The company's top customers are Hewlett-Packard (18% of sales) and Dell (16%). Infineon owns about 86% of Qimonda.

Shares were down 3% as Infeon sees no need to sell Qimonda shares.

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