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Technology Stocks : Spansion Inc.

CY 23.82

0.0%

Apr 16 5:00 PM EST

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From: Rink	8/8/2008 8:28:10 AM
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R.W. Baird & Co. analyst Tristan Gerra is Neutral on the stock[Sandisk], has a $16 price target, and says he “wouldn’t be a buyer” on this bad news. He notes that people think [NAND?] flash memory chip prices are stabilizing this quarter, after falling torrentially the first half of this year. But Gerra’s observation is that, “contract pricing [for flash] for first half of August is pretty dismal, down double digits at a time when pricing usually picks up in August.” He thinks that “narrows the window in which flash pricing can rebound this year,”[to end Q3] especially given that flash prices tend to go down in the fourth quarter, historically. blogs.barrons.com Seems that flash pricing continues to be an issue most specifically for NAND. Wouldn't be surprised if declines continue for NOR to some extent as well (don't think it'll be unreasonble though). Buggi, do you still get those reports on NOR pricing? Regards, Rink

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