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Infineon chip division Qimonda about to list on NYSE

by Staff Writers
Munich, Germany, Aug 8, 2006
Qimonda, the memory chips unit of German semi-conductors giant Infineon, is to be listed on the New York Stock Exchange from Wednesday, an Infineon spokesman said on Tuesday.

Infineon had previously said that Qimonda would be floated on Wall Street in the second week of August, without specifying the exact date.

Infineon is to place 21 million of its own Qimonda shares in the initial public offering (IPO), or one third of the total 63 million shares on offer. The other 42 million shares would come from a capital increase.

The shares were to be priced in a range of 16-18 dollars (12.5-14.0 euros), meaning the total issue could raise 1.0-1.1 billion dollars.

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Japan's Softbank returns to profit in Q1
Tokyo, Aug 8, 2006
Japan's Softbank Corp said Tuesday it returned to profits in the quarter to June as its loss-making Internet service business turned around and its mobile phone operations brought in cash.







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