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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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To: Rink who wrote (3650)4/1/2008 12:31:23 PM
From: KeithDust2000  Read Replies (2) of 4590
 
Rink, Does anyone remember Numonyx projected cash position to start the company with?

This article from today says:

STMicro had an agreement with Hynix to own up to one-third of the equity and one-third of the output of the plant, but allowed their stake to fall below that level, Numonyx chief executive Brian Harrison told reporters in a conference call. Numonyx now intends to raise its stake back to one-third, he said.
Harrison declined to give a figure for how much it would take to raise its stake in the plant, but he said that the company's existing cash of $585 million and the cash it generates from operations "will be sufficient for all of the capital needs we have over the next several years."

marketwatch.com
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