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: KeithDust2000 who wrote (3982)	7/15/2008 6:45:59 PM
From: Joe NYC	of 4590

Keith, It´s interesting to compare Q2/07 with Q2/08 (net loss rose from 67M to 101M), and to look at the reasons for that. That higher loss is at actually higher EBITDA ($88M vs. $71M). Obviously, the bigger contributor is depreciation on SP1. Depreciation went up by $36M, Interest up by $13M, another $10M non-recuring... Long term, Spansion has some 1 to 2 billions spending on SP1 behind it, while Numonyx has it ahead of it. I will rather be looking at non-cash depreciation and improving competitive position than no cash to stay in the game long term. Another thing to think about is that Spansion raised the money for SP1 during favorable credit market conditions. Numonyx will not have the luxury. In any case, wireless has to kick into higher hear. CSID has seen some improvements, over long period of time, while wireless is going nowhere. Joe

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