Elpida Set to Plunge

Elpida Set to Plunge

Tomohiro Ohsumi/Bloomberg

Yukio Sakamoto, president and chief executive officer of Elpida Memory Inc., left, bows during a news conference in Tokyo, Japan, on Monday, Feb. 27, 2012. Shares of Elpida were poised to plummet today after the chipmaker filed for bankruptcy protection with more than $5 billion in liabilities.