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Altis Semi finds buyer

8/12/2010 06:37 PM EDT
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Why8
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re: Altis Semi finds buyer
Why8   8/13/2010 6:32:30 AM
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The German government has a vested interest in ensuring the survival of Infineon, due to the companies' links to educational and industrial institutes, as well as certain "sensitive" chipcard technologies. So it's highly doubtful that it will ever completely be taken over. The Intel deal is almost done already (unless the departure of the CFO was linked to that, and CEO Peter Bauer wants to keep the rest intact -- in which case he himself might be in trouble if Wireless BU's value drops significantly in the next downturn). Besides, there's an article somewhere that says any company can only buy a maximum of 25% minus 1 share of the company, to protect the chipcard technologies. I think what we'll end up seeing instead is a slow agonising death.

mark.lapedus
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re: Altis Semi finds buyer
mark.lapedus   8/13/2010 6:17:49 AM
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Altis was a loser from the beginning. I say Infineon will get acquired this year. Intel will buy part of it. The Russians will get the rest. I am taking 5-to-1 odds on this. Any other guesses?

Why8
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re: Altis Semi finds buyer
Why8   8/13/2010 2:45:41 AM
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It'll certainly be a step forward for Infineon if they manage to offload Altis finally. But what's not mentioned in the article is what's the financial impact to IBM and Infineon for this new development. Altis has reportedly been in financial red ink for some time, so does this sale incur further significant write-offs from both parent companies?

mark.lapedus
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re: Altis Semi finds buyer
mark.lapedus   8/12/2010 7:53:18 PM
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I am wondering if this is the last we hear of Altis. More importantly, what will happen to Infineon? Will Intel buy the cell-phone chip operations? Will the Russians buy Infineon? I see Intel buying the cell-phone chip unit. Intel wants back in the market.

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