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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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To: Plissken who wrote (4388)1/1/2009 4:55:00 PM
From: neolib   of 4590
 
Yes, RMBS is in the back of my mind as well, as the model for what some might do with SPSN.

SPSN has about 1.6B in debt IIRC, any idea what their Fabs are worth, or have they sold off major portions and leased them back already?

AMD raised a significant chunk of change just selling old equipment as well as the process tech to Russia. I'd think SPSNs fabs, equipment & tech would be worth as much as their total debt, if they still own it all. You sure as heck can't build even a single new fab for 1.6B. I think the Arabs who are hopping into bed with AMD for The Foundry Co. might get a much cheaper method of entering the foundry business by buying SPSN instead, and fewer strings attached as well.
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