|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the ASML 6-K filed Jul 24, 2009. Qimonda
On January 23, 2009, Qimonda AG and Qimonda Dresden OHG
(together “Qimonda”), a German memory chipmaker, filed
for insolvency. Qimonda had amounts outstanding to ASML of
approximately EUR 37 million in respect of two systems
delivered. During the six-month period ended June 28, 2009,
ASML claimed and received both systems back from Qimonda based
on retention of title arrangements. On June 12, 2009 we
filed a claim as a result of Qimonda’s default under the
two agreements in the insolvent estate. At this stage, it is
still unclear whether we will be able to recoup the damages
incurred.
This excerpt taken from the ASML 20-F filed Jan 26, 2009. Qimonda
On January 23, 2009, Qimonda AG and Qimonda Dresden OHG
(together “Qimonda”), a German memory chipmaker, filed
for insolvency. Qimonda has amounts outstanding to ASML of
approximately EUR 37 million in respect of two systems
delivered, of which EUR 21 million is reflected in accounts
receivable and EUR 16 million is reflected in finance
receivables. ASML believes that the outstanding amounts
receivable from Qimonda are collectible or the value of the
receivables can be realized through the retention of title of
the two systems. In case the trustee in bankruptcy will not
honour the contracts with ASML, we will execute our right to
retrieve these systems, in order to substantially cover the
financial risk for ASML. The timing of such potential retrieval
of the systems is uncertain.
ASML ANNUAL REPORT 2008
F-27
Table of Contents
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for ASML: |
| |||||||
