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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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To: KeithDust2000 who wrote (3128)1/22/2008 5:51:02 PM
From: NicoV  Read Replies (1) of 4590
 
That question was asked on the CC. This is what I remember from their arguments:
- 75% of Spansions business is in Asia, with a less production days because of Chinese newyear.
- A lot of the bookings are for new designs, and are delays with the introduction of some of these designs.
- Conservative guidance.
- Blended ASP going down by 10% (maybe conservative, after Q3 with 3% down and Q4 with 4% down). They claimed there is a seasonality effect in ASP's going down in Q1.

I have the impression that they didn't sell what they expected to sell, and that it will sell some time later in the year.

Spansion did their best to try to convince the analysts of all the positive things about Spansion, about how their investment in SP1 is going to pay off in the long run, and how severely it impacted their 2007 results, how they went for long term cost benefits instead short term earnings.
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