InfoAnda - Qimonda, Samsung hit by chip market crash

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Jacko 'moonwalk' glove sells for 350,000 dollars | 22 November 2009
Afghan soldiers killed by NATO 'friendly fire' | 7 July 2010
Man Stands Accused Of Biting Another Man's Ear | 16 May 2009

China bans pork imports from Alberta: govt | 4 May 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Qimonda, Samsung hit by chip market crash

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Qimonda, Samsung hit by chip market crash Reuters - Saturday, January 24 By Nicola Leske and Marie-France Han FRANKFURT/SEOUL - German memory chip maker Qimonda filed for insolvency on Friday and South Korea's Samsung Electronics posted its first-ever quarterly loss, in the latest signs of recession hitting the technology sector. Qimonda said it filed an application to open insolvency proceedings, aiming to reorganize operations as part of an ongoing restructuring program -- just nine days after a similar move by Canadian telecoms gear maker Nortel Networks. Qimonda's parent company, Infineon, said it expected to make provisions in the hundreds of millions of euros. Shares in Infineon were down 5.6 percent to 0.675 euros by 1056 GMT, among the biggest fallers in a 2.3 percent lower European technology index. Qimonda has been struggling with a slump in prices for dynamic random access memory chips, which are used mainly in personal computers. South Korea's Samsung said oversupply and uncertain demand on the chip market would continue, while it posted its first-ever quarterly loss, joining a host of technology companies including Microsoft and Nokia suffering from diving prices and slumping consumer demand. But Internet search giant Google proved relatively resilient to the gloom, joining Apple and IBM as one of the rare bright spots in the battered tech sector. Consumer demand for computers, phones, TVs and other gadgets has slumped as the global financial crisis becomes a broad recession engulfing the United States and much of Europe, and dampening demand in once-resilient emerging markets. Samsung, the world's top maker of memory chips and LCD screens, posted a fourth-quarter operating loss of 937 billion won , more than double the loss analysts polled by Reuters had expected. "Samsung will likely bleed more, if not suffer wider losses, as the global economy is expected to slump further well into the first half of this year," said Lee Jeong, an analyst at Hana Daetoo Securities. "Although there are signs that the prices of chips and LCD panels have stabilized recently, it's hard to predict when they will pick up, given the bleak outlook for the global demand." Shares in Samsung, South Korea's biggest company, worth around $48 billion, closed down 4.1 percent, while the cost of insuring against a default on its debt rose. SONY, MICROSOFT SHOCKS Technology stocks across Asia were already under pressure after a procession of grim news in the past 24 hours. In Tokyo, shares in Japan's Sony Corp tumbled 7 percent after the maker of Bravia flat TVs, Cyber-shot digital cameras and PlayStation games machines said it would post a bigger-than-expected $2.9 billion operating loss this business year. News from the United States was little better. On Thursday, Microsoft Corp surprised Wall Street with a profit miss and plans to slash up to 5,000 jobs. It stopped offering quantitative guidance, except to say profit and revenue would almost certainly drop in the next two quarters. The world's top software maker blamed PC market weakness and the popularity of low-cost netbook computers. Its shares fell 11.7 percent to an 11-year low. "Clearly business conditions are worse than people were expecting," said Richard Williams, analyst at Cross Research. RARE LIGHT Amid the gloom, investors were relieved Google Inc at least managed to beat lowered expectations. While its revenue grew only 18 percent year-on-year -- a shadow of the 50 percent growth rate the company used to enjoy -- analysts said that was strong for the current climate. "At least we have something to feel good about with this Google news in what has been shaping up to be a gloomy earnings period," said Keith Wirtz, president and chief investment officer at Fifth Third Asset Management. "It tells me that Google is very focused on their franchise and execution as a marketing, advertising and media company. It speaks highly to their business focus." Google shares rose 1.5 percent on the results. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Personal Technology Qimonda, Samsung hit by chip market crashReuters - Saturday, January 24 Nokia profits slump, cuts industry outlookAFP - Friday, January 23 Nokia says new mobile email offer doing wellReuters - Friday, January 23 China extends "lewd" crackdown to mobile phonesReuters - Thursday, January 22 Related Articles: Technology 'Obameter' keeps track of Obama campaign promisesAFP - 1 hour 38 minutes ago DTV deal would extend Verizon, AT&T licensesReuters - 2 hours 4 minutes ago Encyclopaedia Britannica to let readers edit contentAFP - Saturday, January 24 Pope on YouTube fails to excite web surfersAFP - Saturday, January 24 German chipmaker Qimonda files for insolvencyAFP - Saturday, January 24 Related Full Coverage Personal Technology Mobile phones & personal gadgets All Full Coverage Most Popular – Technology Viewed World crisis deepens as downturn bites in Asia Obama retakes oath of office 'Dogs don't wear condoms,' says Baywatch star Anderson Obama steps up anti-recession offensive US unemployment spikes, housing crisis deepens View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Saturday, 24 January 2009
Marine commandant wants his troops out of Iraq
Gaza recovery in doubt as Israel pressures Hamas | International |
Gazans crowd markets and mosques as calm holds
'Obameter' keeps track of Obama campaign promises
Suspected US missiles kill 15 in Pakistan
Siemens planning to give up stake in Areva: source
Venezuela's Chavez warms to Obama after insults | International |
DTV deal would extend Verizon, AT&T licenses
Iraqi government struggles to win Sunnis' trust
Saakashvili lambasts 'relentless enemy' Putin in TV phone-in
Suspect On Paris Hilton's House Burglary Arrested
Censured U.N. agency to return to North Korea: officials | International |
Encyclopaedia Britannica to let readers edit content
Russia ready to cooperate with Obama on Afghanistan
World stocks close bad week on poor footing
Iraq's Zebari sees no dramatic U.S. disengagement in '09 | International |
Iraq PM urges big poll turnout despite violence
Pope on YouTube fails to excite web surfers
US approves first human embryonic stem cell therapy
Turkey, Iraq, U.S. step up efforts to fight PKK | International |
Obama warns crisis must be dealt with rapidly
German chipmaker Qimonda files for insolvency
Iraq's Zebari sees no dramatic U.S. disengagement in '09
Israel readies for fight against war crime charges
'Hacker' wins right to fight extradition to US
UN seeks massive aid for Gaza, US wants border open
British man killed wife over 'single' Facebook status
Gaza recovery in doubt as Israel pressures Hamas
Number of Internet users tops one billion: comScore
China says Web crackdown to be "long-lasting"
Pope becomes one of world's oldest YouTube stars
Qimonda, Samsung hit by chip market crash
Intel's Barrett to retire as tech crisis simmers | Technology |
Suspected U.S. strikes in Pakistan kill 14
DTV deal would extend Verizon, AT&T licenses | Technology |
Suspected US missile strike kills 18 in Pakistan
U.S. Marines force of 20,000 seen for Afghanistan
China says Web crackdown to be long-lasting | Technology |
NKorea's Kim meets Chinese official
Oil prices jump in volatile market
At least 15 dead as US missiles strike Pakistan
VeriSign to buy Certicom; RIM backs out | Technology |
Suspected US missile strikes kill 18 in Pakistan
Pope becomes one of world's oldest YouTube stars | Technology |
Dubai police arrest man in US consulate threat
'Slumdog' gets weak welcome in real Mumbai slums
FDA Allows First Test Of Human Stem Cell Research
Obama Praises "Wonderful" Choice To Send Gillibrand To Senate
Suspected US missile strikes kill 14 in Pakistan
NY Gov. Paterson Officially Names Congresswoman Kirsten Gillibrand To Hillary's Senate Seat
Suspected US missile attacks reported in Pakistan
Hawaii Rides On Brief Obama Stay To Boost Tourism
Jan 23 Highlights Of Low Points In The U.S. Economy
Obama Makes Case For Stimulus, Warns Of Crisis In First Meeting With Congressional Leaders
Defense Sec. Robert Gates To Undergo Surgery
Board: Satyam to have funding and new CEO soon
Cancer-struck Patrick Swayze to write memoir | Entertainment |
China tells Obama's Treasury pick it is not manipulating currency
Sundance films shine spotlight on global struggles | Entertainment |
Idol David Cook to hit colleges on U.S. tour | Entertainment |
Brendan Fraser masters CGI again in Inkheart | Entertainment |
Indian court stubs out ban on smoking in Bollywood: report | Entertainment |
FDA Approves Trials For Human Embryonic Stem Cell Research
After Endorsing iTunes Prayer Book, Pope Launches Own YouTube Channel
Sienna Miller set for her Broadway debut this fall
Cancer-struck Patrick Swayze to write memoir
Publicist: Patrick Swayze to write book with wife
Obama inauguration classical music was canned and frozen
Sculptor George Segal exhibit opens in Dallas
Aretha gave Obama collection of dad's sermons
English-only proposal defeated in Nashville referendum
Brendan Fraser masters CGI again in "Inkheart"
Best-selling author modest about Slumdog's success
Wood worth more than money at Mexican market
Barack O Blend Made Up Of Hawaiian, Indonesian, Kenyan Beans Sold In Hawaiian Bar
Officials: gunmen kill Sunni family of 8 in Iraq
Iraq repeats pledge to close Iran opposition camp
Demand for peacekeepers exceeds troops, funds: U.N. | International |
Recession grips Britain for first time since 1991
Recession hits Silicon Valley as layoffs pile up
Senator asks Microsoft about job cuts, visas
N.Korea's Kim says wants denuclearization of peninsula | International |
Google loses best workplace crown to NetApp
Intel board chairman retiring in May
Japan launches orbiter to probe greenhouse gases
Cuba FM welcomes Obama order to close Guantanamo
Obama overturns ban on overseas abortion funding
Recession hits Silicon Valley as layoffs pile up | Technology |
Venezuela to ask new US gov't to hand over Posada
NKorea's Kim Jong Il meets with Chinese official
Senator asks Microsoft about job cuts, visas | Technology |
Japan launches orbiter to probe greenhouse gases
Suspected US missile strike kills 18 in Pakistan
Oil prices baffle traders; soar 6 pct to end week
Asian clubs raid top A-League clubs for stars
Year of the Ox looking very un-bullish, seers say
U.S. Drone Attacks Resume In Pakistan, Kill 20
Wall Street Pares Early Losses On Financials, Tech Rally
President Obama Wrangles With Lawmakers Over Stimulus Package Proposal
Russia, China revise aluminum projects in Guyana
China Vows To Continue Filtering "Vulgarity" On Internet
Bahamas police investigate Travolta extortion plot
US-ENTERTAINMENT Summary
Mike Myers bomb leads Razzie Award contenders
"Idol" David Cook to hit colleges on U.S. tour
CORRECTED: "Benjamin Button," "Slumdog" lead Oscar nominees
Indian court stubs out ban on smoking in Bollywood: report
Indian PM Singh undergoes bypass surgery | International |
US-TECH Summary
Russia says ready to work with U.S. on Afghanistan | International |
Senegalese centre signals Africa's will to wipe out leprosy
Obama to meet with economic team as he works on stimulus, budget
China says 90 percent of families take toxic milk deal | International |
China denounces U.S. currency accusation | International |
Bolivia nationalizes Chaco oil company
Mexico suspect says he dissolved 300 bodies | International |
China warns of economic distress and long-term ills | International |
WW2 mortar rounds found in Manila's U.S. Embassy | International |
Obama order ends 'unwarranted' restrictions on abortion
US military deaths in Iraq war at 4,230
US military deaths in Afghanistan region at 570
Intel's Barrett to bow out as tech crisis simmers | Technology |
Rusty Serena on track as French tennis opne revolution gathers pace
Maryland Teen Who Killed Parents, 2 Brothers Get 4 Life Sentences
Indian prime minister begins heart bypass surgery
Deputy Leader Of Al-Qaeda In Yemen Was Former Gitmo Detainee
Senator asks Microsoft about job cuts, visas | Technology |
US, Afghan villagers differ over 15 killed in raid
Ex-New York State Senate Majority Leader Indicted For Corruption
Indian PM in heart surgery
Fannie Mae Starts Laying Off Hundreds Of Staff
WWII bombs found in US Embassy compound in Manila
Obama Orders Lifting Of Funding Ban For International Family Planning Groups Offering Abortion
Malaysia seeks return of 2 citizens in Guantanamo
Thailand calls conference on refugees
Chinese FM, Clinton talk about bilateral relations
New Zealand dairy accepts milk scandal verdicts
Pakistani cenbank sells 11.5 bln rupees of T-bills
Japan to offer public funds to non-financial firms: reports
Nissan's loss seen to top 100 billion yen: report
Top Taiwan steel maker reports first loss -papers
Bahamas police probe Travolta extortion allegation | Entertainment |
Indian court stubs out ban on smoking in Bollywood: report | Entertainment |
Three killed in Indonesian land dispute: police
Dudamel wants 'innovative' stay at LA Philharmonic
Bahamas police probe Travolta extortion allegation
'Slumdog' gets weak welcome in real Mumbai slums
Uranium nations urged not to sell to Iran
Gaza recovery in doubt as Israel pressures Hamas | International |
U.S. military kills 15 Afghan militants | International |
Iraq asks Iran opposition group to move voluntary
Suicide car bomb kills 14 in Mogadishu: witnesses | International |
Gaza's war-scarred children go back to school
China hits back at U.S. in currency row | International |
Suicide car bomber kills five policemen in Iraq
Iran seen to rank students and housewives as employed
Russia says ice thawing with NATO: envoy | International |
Pope rehabilitates Holocaust denier, angering Jews | International |
Sudanese forces bomb town in Darfur: U.N. | International |
Uranium nations urged not to sell to Iran: report | International |
Obama pitches his plan to reverse economic slide
Kim Jong-il alone to decide North Korea successor
4 die in insurgent attack in southern Thailand
Indian PM Singh reported stable after surgery
One whale survives mass Australia beaching
Report: Kim's son hints no decision on successor
Pakistan should get more US aid: Musharraf
Sri Lanka soldiers seize rebel camp in north
China reports fourth bird flu death in a month
Islamic clerics mull smoking ban in Indonesia
Pacific meeting on Fiji sanctions to go ahead
Indian critics praise 'Slumdog Millionaire,' audiences mixed
Gaza's war-scarred children go back to school
Some 700 illegal migrants flee Italian detention centre
Sudanese forces seen to bomb town in Darfur
Four children killed as storms rage across Spain, France
Belgium reels after creche stabbings, man charged | International |
Gaza schools open but young minds closed to peace
Obama aims to ink $825bln stimulus within a month
Anarchists clash with Greek police in Athens march | International |
Jailed China dairy boss to appeal verdict
Update: Toy Company Selling 'Sasha' And 'Malia' Dolls; First Lady Not Happy
Blagojevich's Defense Attorney Quits Case
Nine People Wounded In Miami Shootout; Two Dead
Taraji P. Henson caps a stellar week at SAG Awards
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01