Vol 6 Chapter 696: One after another

Peter Bauer wants to leave, so Feng Yiping and Cummins are not good at keeping it. How to say, the CEO of Infineon is really very face-saving. As soon as the people here arrive, he hastily come to the door personally. Welcome.

It seemed that he almost greeted him at the airport in person.

This, even though he personally greeted him at the airport, it was fine. The problem is that the relationship between the two of them is really not suitable for this kind of welcoming and sending.

Those involved this time are a well-known company with tens of thousands of employees and operations all over the world. The seller greets buyers so enthusiastically and gives them the feeling that they must be catching up.

Since you are so catching up, the purchase price and related conditions must be very low and very demanding.

and so? Confusing!

However, after abandoning such untimely enthusiasm, it seems that there is nothing to understand.

Peter Bauer just talked about some of Infineon's difficulties, and said with certainty that Qimonda is their best choice.

Although when he introduced the situation of Infineon, he was indeed very open, but that can only be said that he is a very pragmatic person, and he will not overstate.

What he said very candidly, when you think about it, Feng Yiping and the others also know that as a company listed on the Frankfurt and New York Stock Exchanges, all the things he said are public.

Including the continued consideration of layoffs, the market also has forecasts.

As for the situation he said about Infineon, Feng Yiping felt that he was a little bit interested in selling Infineon. Feng Yiping immediately denied this idea.

That is Infineon, which was born out of Siemens, a well-known large technology company in Germany.

Although Qimonda is born out of Siemens, it is also a well-known large technology company in Germany. Last year, Qimonda was the second largest in the global memory chip industry, but it is definitely not comparable to its parent company Infineon.

After Peter Bauer took office in the third quarter of last year, while layoffs, he also adjusted Infineon, and finally determined the structure of 5 business units, which are mainly automotive, industrial, security, wired and wireless. .

In the first place is the automotive business. In this regard, Infineon is already very good and ranks among the top three in the world's automotive electronics industry.

The importance of cars to Germany is self-evident.

So, companies outside of Germany want to buy Infineon?

Feng Yiping never wanted to hit such a south wall...

So in the end, speaking of it, the CEO of Infineon, aside from some untimely enthusiasm, there is only one important point in what he did this time, "Qimonda is your best choice!"

As for why he has such an untimely passion, after a comprehensive analysis, Feng Yiping and Cummins feel that there is nothing incomprehensible.

Infineon is really dragged down by Qimonda, and Qimonda's situation, or the situation of the entire memory market, will never be optimistic this year, that is, if this burden cannot be shaken off, So, maybe Infineon will fall to the point where Qimonda is today.

After Cohen joined the discussion, some situations became clearer.

"According to the new information we have obtained, last year, at the end of Infineon’s former CEO Wolfgang Gilbart’s term of office, his relationship with the board of directors has been very bad because of more than six consecutive quarters of losses. Long Max Thietrich Corey has criticized him publicly more than once."

"In order to reverse the situation, Gilbart has long been seeking to reduce its holdings of Qimonda shares. I heard that at the beginning of last year, there were buyers who expressed interest. However, as the memory market continues to slump and the impact of the financial crisis , No one wants to accept those shares anymore,"

Feng Yiping nodded, "Oh, that's it,"

He really admired Gary Cohen's professionalism. Looking at him now, when he mentioned the financial crisis, it seemed as if it had nothing to do with them.

But what he knows further explains why Peter Bauer is so enthusiastic.

He doesn't want to follow in the footsteps of his predecessor Gilbart, so he must let Qimonda go. Feng Yiping may be the only person who is currently interested in Qimonda and has the strength.

In order to ensure that this transaction will not be pornographic, he simply be honest.

Anyway, it's not honest, now Qimonda can't sell any high prices.

As for those who were originally interested, but later gave up Qimonda, he felt that even if there was no financial crisis, it is estimated that after seeing Qimonda's performance, few would dare to be interested.

In the first three quarters of 2008, Qimonda had a cumulative loss of 1.481 billion euros. However, the fourth quarter’s financial report has been procrastinated. The figures released since then are still the same as the average level of the previous three quarters. Above 400 million euros.

That is, it lost nearly 1.9 billion euros a year, nearly 2.5 billion U.S. dollars. The key point is that it is still difficult to see the day of improvement. How many people can withstand such a loss?

"From our preliminary information, Qimonda's assets are of course in billions of dollars," Cohen said.

This is natural.

A high-tech company like Qimonda is different from the Internet-based high-tech companies in Silicon Valley in that it has 5 factories and 7 R&D centers around the world, so it has valuable fixed assets.

Everyone knows that the investment of a chip manufacturing plant is at least US$2 billion.

"But at the same time, they have at least more than $1 billion in debt," Cohen added.

No wonder Infineon wants to wrestle hands.

"Schumacher, the first CEO of Infineon,"

This car **** Schumacher seems to be the first Infineon from his hometown. Feng Yiping has seen it on the data. He is very personal. He also likes racing.

This is not just because his surname is Schumacher, but automotive electronics was originally Infineon’s most important business, accounting for nearly 30%. Therefore, when it was just independent from Siemens that year, Infineon used to be Audi. Big sponsor of racing.

"He said more than once that the company's headquarters should be moved to Switzerland, or even Singapore, because Germany’s tax burden is too high,"

Feng Yiping closed the information in his hand, "Thank you for your reminder, Cohen,"

These two paragraphs before and after Cohen sounded unrelated, but Feng Yiping understood.

For those who take over Qimonda, if you count on the German government to assume part of Qimonda’s debt, then all Qimonda’s German institutions, including factories, must not be cancelled.

And operating such a business in Germany is certainly not cost-effective in the long run.

So in the long run, it is best not to expect the German government to assume part of the debt.

"Then, about our bid..." Feng Yiping was just about to discuss this issue, and Cummins' assistant walked in. "The CEO of Qimonda hopes to visit you."

Feng Yiping was also a little speechless.

Peter Bauer has just walked on his front foot and you are here again. Is this a match?

"It doesn't matter if you see first," Cohen suggested.

Feng Yiping also had this opinion. Originally, he came to Germany to meet them.

Anyway, with such a meeting, there is no need to make a statement on some key issues.

"Well, we'll discuss it later," he said with a smile, "I don't think anyone will take the initiative to come to see me after this."

"Feng, I want to tell you something we just got," Cohen said again.

Feng Yiping clearly feels that since he became a shareholder of Goldman Sachs ~ www.wuxiaspot.com~ the treatment he enjoys has been significantly improved.

At least this time, Cohen's work is really very dedicated.

"you said,"

"According to relevant sources, the reason why the German government refused to fund assistance was mainly because Qimonda Lions opened their mouths. They asked Germany, Portugal, and Infineon to provide a total of 325 million euros in bail-out funds. 300 million euros in working capital,"

Feng Yiping didn't know what to say, "Hehe, there are more than 600 million euros in total, which I envy."

I ran the company on the verge of closing down, but opened up to the government and major shareholders like this. Is this a listed company in a capitalist society? It is clearly our state-owned enterprise.

"The German government was worried that if it invested 300 million euros this time, not only would there be no chance of recycling, it might become a Qimonda ATM in the future, so it refused to fund Qimonda anymore,"

Feng Yiping patted him on the shoulder, "I understand, let us meet the CEO of Qimonda,"