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: Mike30 who wrote (4223)	10/10/2008 5:38:26 PM
From: Joe NYC	of 4590

Mike, what an intresting day today, the market started off with 600 points down and recovered most of it. But still spsn lays lifeless. Wonder if they will have any good news during CC... I don't even think Spansion stock needs "good news". I think investors just need to be comfortable with the cash levels, cash generation and short term liabilities not causing undue burden. If all the points are addressed successfully, the concern that credit crunch will put the company out of business will start to disappear. Spansion stock has been, IMO, punished sufficiently for the lack of profitablility by dropping to ~ $2 level. The additional drop to ~$1 level are, IMO, due to concern about global credit situation affecting Spansion.... Joe

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