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Renesas secures refinancing deals

10/1/2012 11:19 AM EDT
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WW Thinker
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re: Renesas secures refinancing deals
WW Thinker   10/4/2012 3:27:12 AM
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My crystal ball says that the world can pretty much write off the Japan-based semiconductor ICs of digital nature!

WW Thinker
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re: Renesas secures refinancing deals
WW Thinker   10/4/2012 3:24:37 AM
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It is sad to see the good money being thrown away to serve the selfishness of a few individuals, yet putting the lives of so many families in ruin long term.

Tatsuo Kobayashi
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re: Renesas secures refinancing deals
Tatsuo Kobayashi   10/4/2012 1:26:14 AM
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Peter, I wonder what investment rationale these Japanese banks see in lending more money to Renesas. The core issue faced by Renesas is not money. Core issues are the capabilities of the current management team and their intentions of turning around the company. As I have said earlier also, the current toxic management is actually a bunch of veteran engineers without any experience of running a large public listed company. You will realize their mediocrity after talking to them for just 10 minutes. Other issue is whether they have any genuine intentions of turning around the company. Most of them just want to float around for some more time, collect their retirement money, and go home. Unless these core issues are resolved, I do not see any hope for Renesas. KKR had realized these core issues and therefore they have put a condition that they will fire the entire board if they take over the management.

resistion
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re: Renesas secures refinancing deals
resistion   10/3/2012 4:23:03 PM
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Not enough money to change oneself is the ultimate doom.

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