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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST

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To: Joe NYC who wrote (3968)7/15/2008 1:36:02 PM
From: Petz  Read Replies (1) of 4590
 
Could it be that the last upgrade was prompted by an inkling that revenues would be on the high end -- 600M or even higher than last year's 609M? Consensus is for a $.75 loss, which is actually quite small compared to SPSN's net tangible equity of $10 per share, or even cash+STI per share of $2.84.

About half of that is inventory, however, which at about 1 quarter's sales, sounds high to me.

Petz
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