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Qimonda AG

Did you mean: Qimonda AG (Public Company), Qimonda

 
Hoover's Profile: Qimonda AG
(Pink Sheets:QMNDQ)
Contact Information
Qimonda AG
Gustav-Heinemann-Ring 212
81739 Munich, Germany
Tel. +49-89-60088-0
Fax +49-89-60088-44-1234

Type: Public
On the web: http://www.qimonda.com
Employees: 13,481
Employee growth: 14.2%

Qimonda has bigger problems these days than in getting people to properly pronounce its corporate name (it's "key-MOAN-duh"). The memory chip maker declared bankruptcy in early 2009 after two years of losing money in the volatile memory device markets. The company sells Aeneon-branded memory products for the channel and retail markets, while using the Qimonda brand for OEM customers. Its top customers have included Hewlett-Packard and Dell, with more than three-quarters of Qimonda's sales coming from the Asia/Pacific and North American markets. Infineon Technologies owns around 77% of Qimonda.

Key numbers for fiscal year ending September, 2007:
Sales: $5,145.7M
One year growth: 6.3%
Net income: ($355.1)M

Officers:
Chairman, President and CEO: Kin Wah Loh
Governmental Affairs: Michael Peo
VP Investor and Public Relations: Andreas Schaller

Competitors:
Hynix
Micron Technology
Samsung Electronics

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