Vol 6 Chapter 695: Incomprehensible

Out of the airport, along the Isar River all the way westward, after half an hour's drive, you can see the scattered spires above the green trees and red roofs, Munich has arrived.

They drove directly to the Hilton Park Hotel next to English Park, which is the best overall condition among Hilton's three hotels in Munich.

The appearance of this hotel is square and unremarkable, well, very German.

Not too high, well, very Munich.

Because Munich has long stipulated that the buildings in the city should not exceed 36 meters, and there are more land and fewer people, so it can be so willful.

But the environment is quite good, right next to the Isar River, next to the vast English Park, looking around, the green eyes are full of green, people feel refreshed and happy.

“Infineon’s CEO Peter Bauer invited us several times to stay at the Kempinski Hotel in the city center,” Cummins said as he entered the door.

There are festive red lanterns hanging on the gate, but this lantern and this hotel are a bit abrupt.

"Really? That's very enthusiastic," Feng Yiping nodded toward the hotel manager waiting at the door.

Although Hilton is also a 5-star hotel, this Hilton is estimated to be far from the Kempinski recommended by Peter Bauer.

After all, it was the earliest luxury hotel group in the world, and Germany was its base camp.

But just like Geely's bosses can't get in and out of Mercedes-Benz (maybe this is the reason they bought shares in Daimler?), Feng Yiping, of course, can't stay in other hotels where there is Hilton.

Cummins is even more difficult to stay in other hotels-do you want to reimburse the accommodation fee?

Of course, since Peter Bauer invited them to Kempinski, he would certainly not ask them to pay.

"Very enthusiastic," Cohen said.

What they said made the general manager who greeted me a little hairy, so am I not enthusiastic enough?

In normal times, Feng Yiping still has time to chat with them, but this will really ignore these people in the hotel. He said to Cummins and them, "Fifteen minutes...no, we will meet in the meeting room in ten minutes."

The hotel manager personally accompanied Feng Yiping and the others to the presidential suite with some anxiety. Not surprisingly, the room was also decorated with red lanterns. There were not only red Chinese knots on the wall, but also stickers with the word "Fu". There are also several grilles on the floor-to-ceiling glass windows.

Feng Yiping felt that he would be alive with another handkerchief, and he could immediately jump for a two-person turn.

Oh yes, it's better to have another couplet on the door...

"Thank you," he nodded to the manager.

The manager immediately became happy, and ran over to open the study door, "This is your office,"

Feng Yiping looked at it for a moment, and it seemed to suit his intentions, simple and bright, "Very good, thank you,"

Wu Qian took two people at this time, took out all the documents in the bag and put them on the table. The manager hurriedly exited with interest, "The roof is an open-air lounge, you can use it at any time.

It seems that he really understands Feng Yiping's preferences.

Amanda had already pulled Huang Jingping to the balcony at this time, pointed at the spires in the city, and started to chat.

Feng Yiping had just washed her face, and before she could explain the arrangements with her daughter, Wu Qian came to report, "Yiping, Cummins said, Peter Ball from Infineon is here,"

Feng Yiping was taken aback for a moment. Is he so impatient?

…………

Peter Bauer, CEO of Infineon, is a middle-aged man who is almost 50 years old. His hair is gray and sparse, but his beard looks thicker.

He seems to be in good spirits, but Feng Yiping always subconsciously feels that his whole body is the same color as his beard, a little sad.

"Hello Feng, welcome your coming," Peter Bauer stood up immediately when Feng Yiping came in.

He shook hands very hard. Seeing Feng Yiping, there seemed to be red light on his small face. It was like the poor people finally saw the PLA, relatives!

Feng Yiping is a little uncomfortable with his enthusiasm. This is too much to catch up. How eager are you to get rid of Qimonda?

"Nice to meet you,"

It was the first time that he felt that his polite remarks were not commensurate with the other party's enthusiasm.

So he said politely, "Infineon is a company I respect very much. When I came to Munich last year, I wanted to visit my door, but the time was too tight."

"Feng, you praised," Peter Bauer flushed again.

Where is the current Infineon worthy of Feng Yiping's respect?

A few years ago, Infineon's market value was as high as 69.4 billion euros, but now, haha, there is only less than 1 billion euros left.

When the stock price was at its highest, it was as high as 80 euros per share, but now it is less than 1 euro.

His predecessor Wolfgang Gilbart therefore resigned somewhat indecently. According to the current trend, he is very likely to follow in the footsteps of his predecessor. How could he not be in a hurry?

Peter Bauer, who joined Siemens in 1986 and then joined Infineon following the spin-off of Infineon by Siemens, and joined Infineon’s board of directors since 1999. What he regrets now is that he spun off the memory department in 2006. After the establishment of Qimonda, it did not sell its 77.5% equity stake in Qimonda by going public.

I had known this a long time ago, even if it was the transfer of cabbage prices, it was much better than the current situation.

The main reason why Infineon has performed so poorly in the past two years is that it is dragged down by Qimonda.

Due to the decline in operating and market prices, Qimonda had a huge loss of 1.481 billion euros in the first three quarters of last year. In the first six months of Qimonda’s third-quarter earnings report, Infineon paid Incurred more than 2 billion euros for it.

In April 2008, they were forced to write down Qimonda’s book assets of 1 billion euros, resulting in a loss of 1.37 billion euros in the second quarter of Infineon. Later, with the release of Qimonda’s third quarter report for the 2008 fiscal year, it Further write down Qimonda’s book assets of 411 million euros...

Such a scam, really, he wants to get rid of his dream now. If he can, not only does he don't need money, he would rather pay a dowry, as long as he doesn't pester them again.

"Feng, you should also know our current situation. In the third quarter of last year, in order to save costs, we have laid off 3,000 employees. Now, layoffs have become an option we are considering."

"We are in the stock market..." He smiled bitterly, "Especially in the U.S. stock market, you should also know that our stock price is too low to continue trading in the company's interests."

"From the perspective of reducing the related expenses of listed companies, we are all considering delisting from the NYSE,"

With these remarks, Feng Yiping was a little bit unsure whether he was magnanimous or a pitiful strategy.

"Mr. Bower, we all understand that the current difficulties are due to market reasons," he said. "In recent years, like Infineon, semiconductor companies born out of well-known IT giants have generally faced some difficulties. ,"

Indeed, in recent years, not just Infineon’s downturn, some well-known semiconductor companies, such as Freescale from Motorola, Agilent from HP, and NXP from Philips, have had a hard time. Those who have undergone the second reorganization are not one or two.

"We..." Peter Bauer smiled again, "Feng, we know that the companies that were acquired by you have developed very well,"

"You're overwhelmed," Feng Yiping said immediately.

At such times, of course such praise from such a person cannot be happily accepted.

This is actually to say that Feng Yiping's vision is very precise and outstanding, and he can always find companies with promising development prospects... Then, this is a good reason for raising prices.

"The reason why Qimonda has developed to the present point is not because of backward technology or low management level, but mainly because of high costs. In China, there are the best quality workers in the world, and more importantly, China , Has the greatest market demand ~www.wuxiaspot.com~ so we think Qimonda is most suitable to be taken over by a company from China,"

This is a bit like a mother-in-law who is complimenting how well matched her daughter and son-in-law are. After passing this village, there will be no such shop. The next step should be to make various demands.

Therefore, Cummins said with a smile, “Many of China’s needs are great, and we now have sufficient funds in our hands, so we are willing to make some attempts, but as for memory companies, we know that it is not only Qimonda. A choice,"

"After all, all recent memory companies are not in an ideal situation,"

"Qimonda will definitely be your ideal acquisition target," Peter Ball said affirmatively.

After saying this, he unexpectedly said goodbye, "I will not disturb you knowing that you just arrived, we will see you tonight,"

This made Feng Yiping a little surprised. You rushed over to meet in a hurry, just to say this?

. m.