Spansion Inc. Message Board

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Technology Stocks : Spansion Inc.

CY 23.82

0.0%

Apr 16 5:00 PM EST

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To: Rink who wrote (3679)	4/1/2008 7:44:31 AM
From: kir71	Read Replies (1) of 4590

Sorry I was a bit ironic and actually meant a bad start for Numonyx. But actual point was different. I've seen posts here like: If i could short Numonyx I would... So the point is that one actually could short STMicro and long Spansion for exactly the same reason. Look on AMD: these guys hold 15Mil SPSN and were bleeding about 50M$ every quarter over last 3 quarters only on SPSN position. If one believes that 2.5B$ is truly overinflated and valuation should be closer to SPSN and price war to stay (which I see no true reason to abate, because flash is still expensive for developing world consumer), both INTC and STM might be forced to write down about 1B$ over next year or two on Numonyx valuation... And that is on top of any financing in the mean term... Intel has too much cash, but STM could have much harder hit.

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