Peter Ball was leaving, but Feng Yiping and Cummins couldn't keep it. No matter how you say, this Infineon's ceo is really very proud. As soon as the people here arrived, he hurried to come to welcome him.┏┛

It seems that I almost went to the airport to greet me in person.

Although it’s nothing he can’t say that he’s going to the airport to greet this, the problem is that the relationship between the two families is not suitable for such a welcome and send-off at the moment.

Those involved this time are a well-known company with tens of thousands of employees and business all over the world. Sellers are so enthusiastic about greeting buyers and giving them the feeling that they must be on the rush.

Since you are rushing in this way, the price and related conditions of the acquisition will definitely be very low and very harsh.

So? It's puzzling!

However, after eliminating such inappropriate enthusiasm, it seems that there is nothing easy to understand.

Peter Ball just talked about the difficulties of Infineon, and to be sure, Chimunda is their best choice.

Although he was indeed very open-minded when introducing Infineon's situation, it can only be said that he is a very pragmatic person and can't just pretend to be wrong.

He said something very frankly. When he thought about it carefully, Feng Yiping and the others knew that as a company listed in Frankfurt and the New York Stock Exchange, the situations he mentioned were all public.

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

As for the situation of Infineon, Feng Yiping felt that he seemed to be selling Infineon too. Feng Yiping immediately denied this idea.

That is Infineon, which was born into Siemens, Germany, and is a well-known large-scale technology company in Germany.

Although Chimmoda was born from Siemens and is also a well-known large-scale technology company in Germany. Last year, Chimmoda was the second in the global memory chip industry, it is definitely not comparable to its parent company Infineon.

After Peter Ball took office in the third quarter of last year, while laying off employees, he also adjusted Infineon and finally determined a structure mainly consisting of automobiles, industrial, security, wired and wireless, which is a total of five business departments.

The first place is the automotive business. In this regard, Infineon is already very outstanding and is one of the top three in the world's automotive electronics industry.

And the importance of cars to Germany is naturally self-evident.

So, companies outside Germany want to acquire Infineon?

Feng Yiping would never want to hit such a south wall...

So in the end, this Infineon CEO, apart from some inappropriate enthusiasm, had only one point of what he did, "Qimunda is your best choice!"

As for why he was so inappropriate, after a comprehensive analysis, Feng Yiping and Cummins felt that there was nothing incomprehensible.

Infineon was really dragged down by Qimengda, and Qimengda's situation, or the situation in the entire memory market, will never be optimistic this year. That is, if this burden cannot be removed, then Infineon may fall to the level of Qimengda today.

After Cohen joined the discussion, some situations became clearer.

"According to our newly obtained information, at the end of the term of Infineon's former CEO Celbat, his relationship with the board has been very bad because he has suffered consecutive losses for more than six quarters. Chairman Max Thietridge Core has criticized him more than once,"

"In order to reverse the situation, Gilbart has been seeking to reduce his holdings of Qimunda shares. I heard that at the beginning of last year, there were buyers who expressed interest, but with the continued sluggish memory market and the impact of the financial crisis, no one is willing to acquire those shares anymore."

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

He really admired Gary Cohen's professionalism. Judging from his current appearance, when it comes to the crisis of the Crop, it seems that it has nothing to do with them.

But the situation he has mastered further illustrates why Peter Ball is so enthusiastic.

He didn't want to follow in the footsteps of his ex Gilbart, so he had to take Qimengda off. Feng Yiping may be the only object who is interested in Qimengda and has the strength.

In order to ensure that the transaction will not be ruined, he simply became honest.

Anyway, if you are not honest, Qimengda now cannot sell at a high price.

As for those who were originally interested, and later gave up Qimengda, he felt that even if there was no financial crisis, there were probably few companies who would dare to be interested after seeing Qimengda's performance.

In the first three quarters of 2008, Qimengda's cumulative losses reached 8.1 billion euros, while the fourth quarter's financial report has been delayed and refused to come up. The figures released since then are still the same as the average level in the first three quarters, and are also above 400 million euros.

That is, it lost nearly 1.9 billion euros and nearly 2.5 billion US dollars a year. The key is that it is difficult to see the day when the improvement is still going to be. How many people can withstand such losses?

"From the information we have initially grasped, Chimunda's assets are of course in billions of dollars," Cohen said.

This is nature.

A high-tech company like Chimmonda, unlike the Internet-based high-tech companies in Silicon Valley, has valuable fixed assets because it has 5 factories and 7 R&D centers around the world.

Everyone knows that the investment of a chip manufacturer is at least more than US$2 billion.

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

No wonder Infineon wants to throw his hands.

"Infineon's first CEO Schumacher,"

This guy, Schumacher, seems to be the first person in Infineon who is in the same hometown. Feng Yiping has seen it in the information and is very unique and he also likes racing.

This is not just because his surname is Schumacher, but because Automotive Electronics is the most important business of Infineon, accounting for nearly 30%. Therefore, when he was just independent from Siemens and had a better life, Infineon was a big sponsor of Audi racing.

"He said more than once that year 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,"

Cohen’s two paragraphs sounded unrelated, but Feng Yiping understood it.

For those who take over Chimmonda, if you expect the German government to assume part of Chimmonda's debt, then all Chimmonda's institutions in Germany, including factories, will definitely not be cancelled.

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

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

"So, about our bid..." Feng Yiping was about to discuss this issue, and Cummins' assistant came in, "Chimunda's CEO hopes to visit you,"

Feng Yiping was also speechless.

Peter Ball just left, you came again, is this a match?

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

Feng Yiping also had this opinion. He came to Germany to see them.

Anyway, there is no need for me to express my opinion on some key issues in this way.

"Okay, let's discuss it later," he said with a smile. "I think no one will come to see me after this," he said.

"Feng, I want to tell you some of the news we just got," Cohen said again.

Feng Yiping clearly felt that since he became a shareholder of Goldman Sachs, the benefits he enjoyed have been significantly improved.

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

"you say,"

"According to relevant sources, the reason why the German government refused to contribute to aid was mainly because Chimonda Lion made a big statement. They asked Germany, Portugal, and Infineon to provide a total of 2.5 billion euros of bailout funds, and also demand an additional 300 million euros of working capital," he said.

Feng Yiping didn't know what to say, "Haha, there are more than 600 million euros in total, I'm very envious of this."

I run the company to a close closure, but I speak 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 is therefore worried that if it invests 300 million euros this time, it will not only not have a chance to recycle it, but it may also become a Chimunda ATM in the future. Therefore, it refuses to fund Chimunda again,"

Feng Yiping patted his shoulder, "I understand, let's meet this ceo of Qimengda,"
Chapter completed!