UPDATE 2-Infineon says to fight Qimonda legal action

Thu Dec 2, 2010 2:38pm GMT
 

* Qimonda insolvency lawyer seeks unspecified amount

* Infineon will defend itself "vigorously"

* Infineon will take no provisions

* Shares up 0.7 percent

(Recasts, adds Infineon comments)

By Christoph Steitz and Nicola Leske

FRANKFURT/PARIS, Dec 2 (Reuters) - German chipmaker Infineon (IFXGn.DE: Quote) said it would defend itself vigorously against legal action by the insolvency administrator of Qimonda, its former memory chip unit, seeking an unspecified payment.

"We are firmly convinced that we have done nothing wrong," an Infineon spokesman said on Thursday, adding that the company would defend itself against this action and pursue all avenues of legal proceedings.

The spokesman also said Infineon would not take any provisions except for legal costs, which would have a negligible impact on Infineon's balance sheet.   Continued...

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