Here it is Bob, from the 10k for the fiscal year ended May 31, 2008.
Here's the sentence...
"During fiscal 2008, Spansion Inc. accounted for 79.6% of the Company's net sales."
And the paragraph below.........
"Sales to the Company's five largest customers accounted for approximately 98.2%, 75.8%, and 82.9% of its net sales in fiscal 2008, 2007 and 2006, respectively. During fiscal 2008, Spansion Inc. accounted for 79.6% of the Company's net sales. During fiscal 2007, Spansion Inc. and Texas Instruments Incorporated accounted for 39.2% and 22.9% of the Company's net sales, respectively. During fiscal 2006, Texas Instruments Incorporated and Spansion Inc. accounted for 47.9% and 24.9% of the Company's net sales, respectively. No other customers represented more than 10% of the Company's net sales for any of these periods."
yahoo.brand.edgar-online.com
If SPSN goes under (looks very likely), AEHR should start burning some serious cash.
Now we know why the stock "appears" to be cheap.
Regards, Eric. |
