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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 (4187)10/2/2008 3:52:40 PM
From: Joe NYC  Read Replies (1) of 4590
 
With comments like this, no wonder the stock is in the toilet:

Slumping auto sales and surging borrowing costs may shut down as many as 600 new-vehicle dealerships this year, 40 percent more than last year, according to the National Automobile Dealers Association. Circuit City Stores Inc. and memory-chipmaker Spansion Inc. may struggle to stay in business, analysts said. In the last week, Angiotech Pharmaceuticals Inc. scrapped a financing deal and newspaper publisher McClatchy Co. renegotiated credit lines.
delawareonline.com

These comments are based on liquidity concerns, I take it, but the underlying business seems steady, or improving. Spansion would clearly put the worries to rest, if it was able to sell off some of the inventories and it it improved the cash balance in the current quarter.

Joe
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