Without either a partner to purchase Qimonda or an investor to recapitalise Qimonda, Qimonda's existence as an ongoing concern was dubious at best. Michael Jaffe, the insolvency administrator appointed by a German bankruptcy court, announced that Qimonda is closer to liquidation.
Without a partner willing to purchase Qimonda or an investor ready to provide capital for its revival, Qimonda's prospects were bleak at best. Michael Jaffe, the bankruptcy court-appointed administrator of Qimonda's insolvency, announced that Qimonda is on the verge of liquidation.