追踪SPAxSIOx事情发展 (01/03/2009 SPAxSIOx申请破产保护)

Mr.Business

SPANSION拖延清还利息，CEO辞职，又被vendor控告拖欠＄57 million，现在股价才6美分。。。看来不是被人收购就是破产保护了，可悲。。。


ChipMOS drops packaging deal with Spansion
Posted: 23 Jan 2009

IC packaging and test house ChipMOS Technologies Ltd has issued a notice of breach and notice of intent to terminate a service agreement with Spansion Inc.

NOR flash giant Spansion currently has an outstanding account receivable with ChipMOS of approximately $57 million of which approximately $18 million is in default, according to the Taiwanese firm. ChipMOS provides IC packaging and test services for Spansion.

"The service agreement provides 30 days for Spansion to continue the agreement with a payment of the amount in default to ChipMOS Taiwan," according to ChipMOS. "ChipMOS Taiwan has also given Spansion notice that pursuant to Article 928 and Article 929 of the Taiwanese Civil Code it has obtained a statutory lien on the Spansion's inventory and related equipment and materials currently in ChipMOS Taiwan's possession."

ChipMOS reserves all of its rights and remedies available under the agreement and applicable law.

Recently, Spansion moved in another direction in packaging. The company and Taiwan's Advanced Semiconductor Engineering Inc. signed a memorandum of understanding to establish a venture to jointly own Spansion's IC assembly operations in Suzhou, China.

Recently, Spansion confirmed that it has been exploring strategic alternatives, "including, but not limited to, opportunities to merge with or sell to similar U.S. or foreign businesses."

Amid a string of losses, declining funds and a major downturn, Spansion recently implemented another round of cost-cutting measures. Rumors are also running rampant that Spansion is mulling a plan to file Chapter 11 protection of the U.S. Bankruptcy Code. The company declined to comment.

At one time, there were other rumors about Spansion, including a report that Japan's Toshiba Corp. would acquire the company.

http://www.eetasia.com/ART_8800561249_480300_NT_dcb69441.HTM



Spansion delays interest payment, mulls options
Thursday January 15, 10:57 am ET

Spansion delays interest payment due Thursday, considers merger or sale
SUNNYVALE, Calif. (AP) -- Spansion Inc., one of the world's largest makers of flash memory chips used in digital cameras and other gadgets, said it will delay making an interest payment due Thursday on a senior note and is considering a merger or sale.

Its shares shed 1 cent, or 5.6 percent, to 17 cents in Thursday morning trading.

In connection with its exploration of strategic alternatives, Spansion said it was postponing the payment in anticipation of beginning "an organized process of potential balance sheet restructuring opportunities." The 11.25 percent senior note is due 2016.

Spansion said it is considering opportunities to merge with or sell to similar U.S. or foreign businesses. That would create "significantly greater scale" and provide customers with a broader range of more cost-effective memory products, the company said.

In November, Spansion cut its fourth-quarter sales forecast to 20 percent lower than its third-quarter revenue, suggesting revenue of about $505 million. The company previously had said it expected a slight decline in sales.

The Sunnyvale, Calif., company cited a slowdown in demand as customers shut factories for its reduced outlook.

Analysts surveyed by Thomson Reuters expect revenue for the period ended Dec. 28 of $504.2 million.

Spansion also said in November it would cut cost of goods sold by about 25 percent and reduce operating expenses.

http://biz.yahoo.com/ap/090115/spansion_interest_payment.html?.v=1



Spansion CEO resigns as chip maker seeks buyer
Monday February 2, 5:06 pm ET

Spansion CEO, Bertrand Cambou, resigns as memory chip maker seeks buyer SUNNYVALE, Calif. (AP) -- Spansion Inc.'s president and chief executive, Bertrand Cambou, has resigned as the chip company, struggling with declining revenue, looks for a suitor.

Boaz Eitan, an executive vice president at Spansion and a member of its board, will take over as interim president, the company said.

Eitan founded the company Saifun Semiconductors Ltd. which was acquired by Spansion early last year.

Cambou will provide consulting services to the company.

Spansion, one of the largest makers of flash memory chips for digital cameras and other consumer gadgets, announced last month it was looking for a buyer or merger partner.

The company, a joint venture between Advanced Micro Devices Inc. and Fujitsu Ltd. that was spun into a public company in 2005, has seen demand fall as the recession takes a toll on the chip industry.

In November, Spansion projected fourth-quarter revenue to drop 20 percent from third-quarter levels after an initial forecast of only slightly declining sales.

The company's stock is trading around 6 cents.

http://biz.yahoo.com/ap/090202/spansion_ceo_resigns.html?.v=1


[ 本帖最后由 Mr.Business 于 4-3-2009 09:17 AM 编辑 ]

罗汉果

原帖由 Mr.Business 于 3/2/2009 11:44 AM 发表
SPANSION拖延清还利息，CEO辞职，又被vendor控告拖欠＄57 million，现在股价才6美分。。。看来不是被人收购就是破产保护了，可悲。。。


ChipMOS drops packaging deal with Spansion
Posted: 23 Jan 2009

I ...

原來這位BZ在裡面作工的............

Mr.Business

听说Penang Spansion的员工从年初一放假到元宵节。。。我个人认为不是不得已Spansion不会拖欠利息和vendor，因为这意味着default／信用破产，情况不乐观。。。

Udon

它的股价只剩6美分, 看来现在SPANSION都很大支一下.

cyberloner6188

Spansion。。。要黄飞鸿收党了！！！！

penangbjboy

昨天的新闻！
Spansion CEO resigns as chip maker seeks buyer
Monday February 2, 5:06 pm ET  
Spansion CEO, Bertrand Cambou, resigns as memory chip maker seeks buyer


SUNNYVALE, Calif. (AP) -- Spansion Inc.'s president and chief executive, Bertrand Cambou, has resigned as the chip company, struggling with declining revenue, looks for a suitor.
Boaz Eitan, an executive vice president at Spansion and a member of its board, will take over as interim president, the company said.



Eitan founded the company Saifun Semiconductors Ltd. which was acquired by Spansion early last year.

Cambou will provide consulting services to the company.

Spansion, one of the largest makers of flash memory chips for digital cameras and other consumer gadgets, announced last month it was looking for a buyer or merger partner.

The company, a joint venture between Advanced Micro Devices Inc. and Fujitsu Ltd. that was spun into a public company in 2005, has seen demand fall as the recession takes a toll on the chip industry.

In November, Spansion projected fourth-quarter revenue to drop 20 percent from third-quarter levels after an initial forecast of only slightly declining sales.

The company's stock is trading around 6 cents.

风雨逍遥

我女性朋友的男朋友惨鸟！
唉！身为她朋友，我只好暂时帮她男友蕉顾她了。。。

penangbjboy

股价从去年的usd4.29 降到usd0.06

Spansion Inc.(NMS: SPSN)
After Hours: 0.00 N/A (N/A) 7:00pm EThelp

Last Trade:	0.064
Trade Time:	4:00PM ET
Change:	0.003 (4.48%)
Prev Close:	0.067
Open:	0.07
Bid:	0.01 x 200
Ask:	2.05 x 200
1y Target Est:	1.13

Day's Range:	0.055 - 0.07
52wk Range:	0.06 - 4.29
Volume:	1,840,315
Avg Vol (3m):	1,505,930
Market Cap:	10.31M
P/E (ttm):	N/A
EPS (ttm):	-2.702
Div & Yield:	N/A (N/A)

Udon

原帖由 penangbjboy 于 3-2-2009 12:10 PM 发表
股价从去年的usd4.29 降到usd0.06

Spansion Inc.(NMS: SPSN)
After Hours: 0.00 N/A (N/A) 7:00pm EThelp

Last Trade:0.064Trade Time:4:00PM ETChange:http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/do ...

看不到你的东西喔!!!

维也纳的咖啡厅

我看得到

Mr.Business

Spansion连US$18 million都还不了。。。

ChipMOS gives Spansion 30 days to settle overdue payments
Ingrid Lee, Taipei; Joseph Tsai, DIGITIMES [Thursday 22 January 2009]

ChipMOS has sent a notice to Spansion giving the NOR flash maker 30 days to pay off a recent order, or else it will take further action, according to ChipMOS.

ChipMOS currently has around US$57 million in accounts receivable from Spansion, of which, a US$18 million payment was due before January 15, but has not yet been paid.

If Spansion does not pay off its debt after the 30 days, ChipMOS will terminate the contract between the two and will consider legal action, the company said.

In other news, Spansion's financial problems have definitely changed Advanced Semiconductor Engineering's (ASE's) plans to acquire Spansion's packaging and testing fab, ASE has noted. ASE will continue to monitor Spansion's financial performance, but will not sign any contract until Spansion's financial status becomes more stable.

With ChipMOS' second largest client ProMOS Technologies also suffering financial problems, ChipMOS expects its revenues in 2009 may drop by 50% on year.

ChipMOS pointed out that it has already started adjusting its shipments to ProMOS and expects the proportion to drop below 10% in the first quarter this year. However, the company cannot do much with Spansion for the time being due to contractual obligations. ChipMOS said it will start to expand its client base in order to lessen the potential impact from individual customers in the future.

http://www.digitimes.com/bits_chips/a20090121PD221.html

江湖

大大
不要说我讲鸟话, 直从他AMD跟FUJITSU MEMORY PRODUCT 分扯上市

我就知道没有改变必定会走上此路...

四伯爽

SPANSION情况危急，Qimonda破产
强啊

看来能生存下来的就是赢家了

江湖

NOR FLASH MAKER 还有谁??

Mr.Business

记忆体的生意不好做，所以Infineon将她的Qimonda分拆上市，可是最后还是破产。Spansion也是年年亏钱，不过我觉得她的科技创新还不错，用flash ram来代替data center的硬盘 (hard drive)是可行的，可惜经济风暴导致需求大降和筹资不易。

Mr.Business

Samsung, Toshiba都是，Intel应该也有FLASH业务。

水果rojak

spansion penang有什么影响吗?

江湖

Samsung, Toshiba 应该是NASH FLASH 吧?

Mr.Business

之前经济好，很多弱公司还能够生存。现在经济不好，很多公司就会倒了，很多假帐也会藏不住跑出来，Satyam就是经典例子。

风雨逍遥

原帖由 水果rojak 于 3-2-2009 12:27 PM 发表
spansion penang有什么影响吗?

Spansion申请破产保护，你以为Spansion Penang还能操作吗？怕只怕连赔偿金都没有。。。