" IT times weekly " reporter / Li Mo wind (comprehensive report)
About 3 years ago, have early it seems that bodeful premonitioned Ying Feiling comes off memory business come out, established Jimengda from this. But since nearly 10 quarters, long not the latter of gain or like god of plague, one pace ground is exasperate its financial forms for reporting statistics
The lip dies to age cold, joint-stock company of science and technology of Ying Feiling of German semiconductor tycoon (next weighing " Ying Feiling " ) experiencing subsidiary Jimengda goes bankrupt this kind of dog crates large breed brought anguish!
On August 6, 2009, ying Feiling announces the price with every 2.15 euro, run a company to Apollo whole world (next weighing " Apollo " ) the fund below the banner sells 14 million add hair is new. In addition, ying Feiling still has about 323 million to add send an equity to identify equity to sell through exercise. According to the pace is calculated first, bencizeng sends Ying Feiling obtain fund 725 million euro. Before this, celebrated semiconductor industry has made this reputation be lifted breathtakingly -- will subordinate inside Wu of 5 great undertaking most the newsletter business that make money sells company of fund of American illicit collec most popular selling dog crates large t GoldenGate with the price of 250 million euro. Regard Germany as the biggest semiconductor company, the most popular selling dvd discovery what does Ying Feiling need so much money to do at a draught? travel mugs stainless
"Ying Feiling is already successive gigantic deficient old, and all these controls share company with it Jimengda is having greatest concern. " the analytic personage of European chip market points out, jimengda is engaged in semiconductor product producing likewise, came one year in the past, it seeks cooperation everywhere, also the intent sells, but if wish,fail all the time. Current, this enterprise has begun to clear in the round and sell off asset, this still will hold a Ying Feiling that is as high as 77.5% to turn hot water to its directly.
To avoid to go bankrupt, ability engineered Ying Feiling to add a few days ago hair bring endowment. But afore-mentioned analytic personages point out, although add,send alleviated temporarily capital pressure of Ying Feiling, but before amounting to borderline of complete make a clear distinction with strange dream, low confused semiconductor market still may attack it break down.
Company of Yu Zi of be put into trouble
In May 2006, ying Feiling announces to tear apart memory business, jimengda holds water from this. Ying Feiling hold is latter the share of 77.5% . Of the same age August, jimengda appears on the market in new York stock exchange. Jimengda's vitality is not long, after 3 years, it became those who cause Ying Feiling get into trouble the biggest chief culprit.
Because chip price glides continuously, jimengda amounts to 1.481 billion euro in deficit of accumulative total of before 2008 3 season. And in the time of before 6 months that issues bulletin of money of the 3rd quarter in its, ying Feiling still bore the cost of more than 2 billion euro for it.
Be when, for the change low confuse the current situation, jimengda's president holds presiding apparitor Luo Jianhua concurrently to express, the company will wash out the acting work with poorer productivity to produce in the round can, can change the yield of 90% at the same time for 80 accept rice and 75 accept rice. The manpower resource of the company is cut and cost drops a plan, also can be in finished before the bottom in September 2008. Subsequently, company general with every quarter the speed of 45 million euro reduces income and expenses to balance a dot.
Luo Jianhua is in the confidence when putting forward above to deliver a plan is full, he will return ground of bold and resolute to dismiss 3000 employee in October last year (this company has 13500 employee) in the whole world. But industry analysis personage thinks generally, in the semiconductor industry that has any technical camp hardly, jimengda rises abruptly afresh with compressing the means of cost to seek, it is difficult to fear if wish, because its integrated ability is far,wait for Asian manufacturer as SamSung.
the four seasons was spent 2008, total sales is behaved for the Jimengda of 476 million euro about relatively on first quarter slightly good, annulus comparing rises 24% , but with photograph of the corresponding period was compared 2007 appeared however of 33% glide. Luo Jianhua decides the global business that recombines a company continues to spread out collaboration with potential associate, in order to seize more opportunities. For the disappointed mood of alleviation market, he with " seeking investment actively at present square " for, the middle ten days of a month will release the remit to of newspaper of money of the fourth quarter that will answer to was announced on December 1, 2008 originally in December.
memory laptop toshibaStatistical data makes clear, 2008 annual, the share price accumulative total that Jimengda pays place in button drops amount to 97% . Until this year on March 16, loss is severe it is forced to announce to halt chip production in lunar base, applied for to go bankrupt on April 1. High level of Jimengda says: "Because chip price falls ceaselessly, the company continues to produce can cause bigger loss only. The company c dog crates large best buy ontinues to produce can cause bigger loss only..
But before end operation and be liquidated, jimengda will continue to appeal to factory seat government, the employee that the company is in Germany also will by relocate at new established cession inside the company, administrative person goes bankrupt to continue to manage the business that it gets on in other business and investment related.
Be in full in July, strange dream is amounted to or fail to find buy the home. Go bankrupt the semiconductor asset management that administrative person appoints an Australia to invest bank division to fall serves strange dream of company MacquarieElectronics resale to amount to German heart tired this the 300 millimeter brilliant of the factory is round equipment. Before this, partial land of Jimengda has been sold to go out, include heart is tired this center of pausing film of smooth attack by surprise. Not only such, go bankrupt the court returns approval to sell Jimengda is located in the United States the round factory of a brilliant that stone presses down Fujiniyasha.
The process is here medium, to ease the financial pressure that Jimengda brings, ying Feiling paid enormous price.
Be in early in April 2008, ying Feiling is decreased write down strange dream to amount to Zhang face asset to amount to 1 billion euro, bring about its specified number of loss of the 2nd quarter amounts to 1.37 billion euro. In latter 2008 money year after 3 quarterly reports are released, it is decreased further again write down strange dream to amount to Zhang face asset 411 million euro, announce to sell the strange dream of a hold amounts to equity. Gang Qibaiteyin twists Wolfe of presiding before Ying Feiling apparitor after deficient faint and dim abdication, currently hold the post ofpresiding apparitor new company framework was announced namely after Peter Ball assumes office (form car, industry, safe, wired and wireless in all 5 business section, the cost that counts euro every year with this implementation saves) , announce commit suicide 3000 employee in order to reduce cost.
On April 9, talk Jimengdahui to deny in industry heat become this year when the first flat semiconductor company, ying Feiling asks actively already to pick a brand from stock exchange of American new York, this plan at formal on April 24, 2009 go into effect. Ying Feiling respect expresses, "The account that picks a brand of one's own accord is Ying Feiling stock trades at present the amount is too small, continue to trade not to accord with company profit. After handing in place to pick a brand from button, can decrease to appear on the market accordingly cost. Henceforth, frankfurt stock exchange will become a company to trade first and foremost the market " .
Embarrassed place
Ying Feiling's unfavorable situation is very bad.
2008 season of the 4th money, caustic of Ying Feiling net loss 763 million dollar, the data of the corresponding period was net loss caustic 2007 280 million euro. This is it successive occurrence loss of the 7th quarter, and deficit specified number still is in increase.
Ying Feiling is presiding · Ball is right this explanation weighs apparitor those: "Financial crisis and economic depression affect global semiconductor market already badly, we are all the demand of target market considerably abate. We are all the demand of target market considerably abate..
spring poolAll the time since, 1/4 what the battalion of car electron industry closes to occupy Ying Feiling battalion to close about, but the demand that the car consumes the atrophy of the market to bring about conductor of car manufacturer half-and-half drops quickly also. And rise at the beginning of 2008 oneself, of price of standard 512MB chip disastrous drop, also let Peter Ball scalp hair is cool, he none ground of dare not or would not speak up says: "I to future the circumstance of a few quarters is anxious very much! "I to future the circumstance of a few quarters is anxious very much!!
Last year in December, ying Feiling makes German DAX index unfortunately in first drop the part that destroys 1 euro, achieve the historical lowest record since appearing on the market in March 2000, its market prise also is decreased madly by the highest value of the 69.4 billion euro June 2000 for 885 million euro.
On Feburary 6, 2009, ying Feiling is released this year money signs up for first quarter. Money newspaper shows, caustic of its net loss 404 million euro, sale 830 million euro, decrease compared to the same period 24% . Although outstanding most popular selling dog stairs achievement is good hereat before of the analyst predict on average, dan Yingfei approach points out, the business income annulus of the 2nd quarter will drop than returning 10% , it hopes shareholder plenary meeting can adopt the financing plan of a 450 million euro, in order to answer the financial crisis that the likelihood appears.
Unfortunate is, this financing plans and did not come true. Peter Ball expresses helplessly that month, he will decrease firewood to propose a toast oneself this year 20% , reduce supervision board member 12 people by 16 people at the same time. He also does not eliminate Ying Feiling battalion closes this year continue to glide 15% , glide even the likelihood of 20% . And to cast off predicament, ying Feiling takes an examination of Lv and Europe or Asian company incorporates. But answer financial crisis as a result of other company at reservation cash, this plan unmanned pay attention to of Peter Ball.
In March, low confused Ying Feiling stock is gone by eliminate index of DAX of Frankfurt stock market, its money reply is uglier and uglier also.
Public data shows, the 2nd quarter, its sale already glided to 747 million euro, deficit 110 millio the best selling dvd discoveryn euro. Arrived the 3rd quarter, its income is 845 million euro about, although annulus comparing rose 13% , but still go low compared to the same period 18 percent. This quarter, caustic of Ying Feiling net loss 23 million euro. It is releasing this season money to announce the correct time made public what an amount is 725 million euro to match a manual.
It is reported, on July 7, ying Feiling a branch that its with respect to the price with 250 million euro department of wired newsletter business sells the United States invests subordinate of capital of orgnaization golden gate. Department of wired newsletter business is in a few quarters were in all the time in the past contribute profit for Ying Feiling, it is one of business window with not much amount to. But Peter Ball thinks, selling this gain branch is a company again in financing whole program important one pace. After this, ying Feiling will be more dedicated at core business, continue to expand in energy efficiency, communication and safety the technology of 3 big crucial fields is banner advantage.
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Be the same as a month 9 days, ying Feiling makes a statement, decide 337 million the subscribe price work off with every 2.15 euro is most new, place preparing capital is used at Wu of cou dog crates large ntervail repay a debt to mix enh the best selling dog crates largeance liquidity. Among them, had agreed with subscribe by Apollo most 326 million new.
Seek to live on not easy
Amount to same destiny with strange dream to avoid to appear, ying Feiling has given acting industry firm of the foreign country the package outside more products, emphasize again won't forward person devoted cash. Peter Ball expressed publicly on July 21, the company can continue to run, and still may act in the conformity that leaves one stage in computer chip industry buy square part. The meaning below character, ying Feiling will not hesitate all cost come market get warm again after a cold spell.
However, can it is like wish bring the dying back to life? A lot of market analyses the personage's viewpoint to present polarization.
Analyst points out, although Ying Feiling succeeded to sell to Apollo,add the equity of hair, latter also ever promise all counts subscribe to be offerred this in the odd share that was not bought by existing partner, but actually, the subscribe portion of Apollo still is less than anticipate, this has to let a person fear capital market is right the confidence state of destiny of Ying Feiling future.
Meanwhile, ying Feiling adds hair place this to obtain capital to will be used at repaying the debt of 700 million euro that the end of the year expired 2010, but predicted a few days ago according to its, in 2009 money year, the depreciation of the company and amortize charge expect those who exceed before this 500 million euro the level, gain branch waits in wired newsletter business by pass on hind, whether can its finance affairs be immersed in lair to return very difficult anticipation again. In external environment respect, this year on June 4, statistic of world semiconductor trade is organized (the anticipation that WSTS) also reduced pair of global semiconductor markets considerably, think the overall dimensions of 194.7 billion dollar should compare global semiconductor market 2009 cut 2008 22% , be next to the of 32% market atrophy record when IT bubble is undone 2001.
"Ying Feiling needs stronger market endurance, just wait likely come one day. " the analyst of ISuppli of market research organiz dvd discovery channel ation and Gartner was maintained consistently a few days ago, global semiconductor market still can continue low fan, but anabiosis evidence has shown. They think, global semiconductor stock had glided continuously 4 quarters, this year first quarter is to achieve more of 15.1% glide record. Develop according to this, this industry predicts to be able to have 2010 improve apparently.
To Ying Feiling character, this should be current only is opposite better news.
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