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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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To: neolib who wrote (4298)10/28/2008 2:06:58 PM
From: Mike30   of 4590
 
"To notice that short-term we are taking more actions to rapidly cut all spending and reduce the need for cash. This includes salary reductions, cutting capital expenditures, freezing headcount and reducing administrative expenses"

"The ASE transaction discussed by Bertrand should result in cash proceeds to Spansion, and we have several other similar opportunities that we are pursuing"
" For Q4 we expect capital expenditures to be roughly $40 million"

sO if all the things they said is going to happen, then we should not be going bankrupt and we should be able to make it through.
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