Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 11 July 2011 14:52

Elpida plans to raise $987 million

Written by Nick Farell
elpida_logo

Needs to make more product
Memory maker Elpida saw its shares tumble after it announced it wanted to raise $987 million by selling shares and convertible bonds. The chipmaker plans to sell 57.3 million new shares which is equivalent to 27 percent of Elpida’s outstanding stock.

Elpida, bailed out by the government in 2009. It’s the unprofitable company’s sixth fundraising plan since 2009. The outfit needs to invest in factories to keep up with Samsung.

However analysts think that the company is flogging too many shares and that it will dilute the value of what it has on offer. Elpida specializes in DRAM which is an industry where companies driven out of the business by low-cost competitors and cycles of boom-and-bust. The last recession killed off German memory-chip maker Qimonda.


Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments