IFX » Topics » Hard Disk Drive Business

This excerpt taken from the IFX 20-F filed Dec 8, 2009.
Hard Disk Drive Business
 
On April 25, 2008, the Company sold its hard disk drive (“HDD”) business to LSI for cash consideration of €60 million ($95 million). The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company transferred its entire HDD activities, including customer relationships, as well as know-how to LSI, and granted LSI a license for intellectual property. The transaction did not encompass the sale of significant assets or transfer of employees. As a result of this transaction, the Company realized a gain before tax of €39 million which was recorded in other operating income during the 2008 fiscal year.
 
This excerpt taken from the IFX 6-K filed Jul 29, 2009.
Hard Disk Drive Business
 
On April 25, 2008, the Company sold its hard disk drive (“HDD”) business to LSI for cash consideration of €60 million ($95 million). The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company transferred its entire HDD activities, including customer relationships, as well as know-how to LSI, and granted LSI a license for intellectual property. The transaction did not entail the sale of significant assets or transfer of employees. As a result of this transaction, the Company realized a gain before tax of €39 million which was recorded in other operating income during the three months ended June 30, 2008.
 
This excerpt taken from the IFX 6-K filed Jul 16, 2009.
Hard Disk Drive Business
 
On April 25, 2008, the Company sold its hard disk drive (“HDD”) business to LSI for cash consideration of €60 million ($95 million). The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company transferred its entire HDD activities, including customer relationships, as well as know-how to LSI, and granted LSI a license for intellectual property. The transaction did not encompass the sale of significant assets or transfer of employees. As a result of this transaction, the Company realized a gain before tax of €39 million which was recorded in other operating income during the 2008 fiscal year.
 
This excerpt taken from the IFX 6-K filed Dec 30, 2008.
Hard Disk Drive Business
 
On April 25, 2008, the Company sold its hard disk drive (“HDD”) business to LSI for cash consideration of €60 million ($95 million). The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company transferred its entire HDD activities, including customer relationships, as well as know-how to LSI, and granted LSI a license for intellectual property. The transaction did not encompass the sale of significant assets or transfer of employees. As a result of this transaction, the Company realized a gain before tax of €39 million which was recorded in other operating income during the 2008 fiscal year.
 
This excerpt taken from the IFX 20-F filed Dec 29, 2008.
Hard Disk Drive Business
 
On April 25, 2008, the Company sold its hard disk drive (“HDD”) business to LSI for cash consideration of €60 million ($95 million). The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company transferred its entire HDD activities, including customer relationships, as well as know-how to LSI, and granted LSI a license for intellectual property. The transaction did not encompass the sale of significant assets or transfer of employees. As a result of this transaction, the Company realized a gain before tax of €41 million which was recorded in other operating expense (income), net during the 2008 fiscal year.
 
This excerpt taken from the IFX 6-K filed Aug 1, 2008.
Hard Disk Drive Business
 
On April 25, 2008, the Company sold its hard disk drive (“HDD”) business to LSI for cash consideration of €60 million ($95 million). The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company transferred its complete HDD activities, including customer relationships, as well as know-how to LSI, and granted LSI a license for intellectual property. The transaction did not encompass the sale of significant assets or transfer of employees. As a result of this transaction, the Company realized a gain before tax of €41 million which was recorded in other operating income, net during the three months ended June 30, 2008.


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Table of Contents

 
Infineon Technologies AG and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements
 
This excerpt taken from the IFX 6-K filed Apr 30, 2008.
Hard Disk Drive Business
 
On March 10, 2008, the Company entered into a definitive agreement, under which LSI Corporation (“LSI”) will acquire Infineon’s hard disk drive (“HDD”) business. The HDD business designs, manufactures and markets semiconductors for HDD devices. The Company will transfer its complete HDD activities, including customer relationships, as well as know-how, and will grant a license for intellectual property. The transaction does not encompass the sale of significant assets or transfer of employees, and is expected to close in the third quarter of the 2008 fiscal year, following the satisfaction of regulatory requirements and other customary closing conditions (see note 18).
 
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