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 (4293)	10/28/2008 1:28:06 PM
From: neolib	Read Replies (2) of 4590

Well, if they were saying the truth in CC and they really have a positive cash flow in 4Q Was it really positive cash flow? IIRC, it was some other term which looked like net proceeds from operations but not subtracting ongoing capital expense or perhaps R&D or interest payments. It was definitely oddly stated. They are going to continue burning cash, and I'm pretty sure this quarter will shape up worse than they anticipated, so they will burn more cash than anticipated as well. The problem for any little holders here, is that as the market cap drops so far below book value, the temptation for an inside supported deal to take the thing private at these prices rises, and there is not much the small stock holders can do about it. The rapid collapse in the last few days looks like this might in fact be happening. You might wake up tomorrow to see that management is backing a deal to take the co private at $0.20/share and its screw you.

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