Qimonda Up 80 Percent on $845M Bailout From Infineon, Others

As initially reported over the past week, Qimonda–the troubled Munich-based maker of DRAM–announced yesterday that it has obtained an investment of 605 million euros from a combination of investors, including parent Infineon Technologies and the Federal Republic of Germany.

Highly Leveraged Chip Stocks Sell Off on Refinance Worries

It’s been a rough day for highly leveraged semiconductor stocks. In a research note this morning, Citigroup’s Glen Yeung provided a review of the credit liabilities of the chip companies Citi has under coverage. He notes that Advance Micro Devices (AMD), Spansion (SPSN), Infineon (IFX) and Qimonda (QI) all have debt coming due in the next 15 months.

For the Memory Chip Sector, a Day to Forget

For the memory sector, it is a day to forget. Last night, SanDisk (SNDK) reported extremely nasty June quarter earnings–the Street has responded with a host of downgrades. Meanwhile, this morning, Citigroup chip analyst Glen Yeung cut his ratings on Micron (MU), Qimonda (QI) and Spansion (SPSN) to Hold from Buy.

Time to Take Profits in Chip Stocks?

You might want to take some money off the table in chip stocks. That’s the advice this morning from American Technology Research analyst Doug Freedman. He notes that of the 19 companies he follows, 14 have posted gains of 5% to 25% since he upgraded the sector on April 4.