Spansion Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Spansion Inc.

CY 23.82

0.0%

Apr 16 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Glenn Petersen	3/1/2009 6:39:28 PM
	1 Recommendation Read Replies (2) of 4590

Flash Memory Company Spansion Files for Bankruptcy By THE ASSOCIATED PRESS Published: March 1, 2009 Filed at 6:01 p.m. ET SUNNYVALE, Calif. (AP) -- Flash memory drive maker Spansion Inc. says it is seeking bankruptcy protection. The Sunnyvale, Calif.-based company said in a statement Sunday it plans to reorganize under Chapter 11 bankruptcy as it attempts to restructure $625 million in senior secured debt under court protection. Spansion says it has enough cash on hand to pay expenses and remain operational during the restructuring. Spansion's memory drives are used in digital cameras and other electronic devices. The company, founded in 1993, was a joint venture between chip-maker Advanced Micro Devices Inc. and Fujitsu Ltd. nytimes.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next