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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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To: blind-geezer who wrote (3563)3/17/2008 3:27:13 PM
From: Petz  Read Replies (1) of 4590
 
I bought some STM April 10 puts as kind of a hedge to my Spansion position. I figure that if STM were valued according to any metric as SPSN is valued, it should be at 7 rather than 10+. Second, I think there's a good chance that Numonyx might not get done at all in March, or that STM will get less than half the cash they were supposed to get for their part of the venture.

Petz
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