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Qimonda AG has said that it will delay the release of its fourth quarter financial results until mid-December, 2008 as discussions with third parties are at a critical stage regarding the future of the company. Qimonda warned that with its gross cash position of €432 million, it faced a liquidity crisis in the coming quarter and could become insolvent should discussions with third parties fail to result in an improvement to its financial position.

"With the completion of the sale of our stake in Inotera we generated cash inflow of US$ 400 million in the first quarter of the 2009 financial year. We are focused on reducing our cash burn through our global restructuring and cost reduction program as we continue to work on potential partnerships and on further financing opportunities," said Kin Wah Loh, Chief Executive Officer of Qimonda AG. "Our repositioning plan is making good progress and we have reached agreement in principle with our German employee representatives. Our yield in our first months of commercial production on our 65nm buried wordline DRAM technology is very encouraging, and we have achieved first yield on our 46nm buried wordline technology ahead of schedule."

Qimonda said that discussions were ongoing with several interested strategic partners as well as possible financial investors. The company also announced that losses for the quarter would be greater than the third quarter due to a write down on its stake in Inotera Memories after selling its share to Micron Technology.