The last Japanese maker of computer-memory chips, which lost money for five straight quarters, sought protection at the Tokyo District Court yesterday with liabilities of 448 billion yen ($5.5 billion), according to a filing with Japan’s finance ministry. Elpida, whose market value shrank by 95 percent in the past five years, will be delisted from the Tokyo Stock Exchange on March 28.
Japanese DRAM Industry Croaks
Started by
SemiBizz
, Feb 28 2012 12:17 AM
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#1
SemiBizz
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Volume Dynamics Specialist
Posted 28 February 2012 - 12:17 AM
Elpida Bankruptcy Comes on Smartphone Shift
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
