Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42828)	11/28/2005 10:37:39 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70085

Spansion says more losses coming By Matt Andrejczak, MarketWatch Last Update: 6:47 PM ET Nov. 28, 2005 SAN FRANCISCO (MarketWatch) - The losses are mounting for the flash memory-chip unit of Advanced Micro Devices Inc. ahead of its planned initial public offering. In a filing Monday with the Securities and Exchange Commission, AMD said its Spansion memory-chip unit will post a fourth-quarter operating loss. AMD (AMD: Advanced Micro Devices, Inc. News, chart, profile Last: 26.49-0.03-0.11% 8:04pm 11/28/2005 Add to portfolio Analyst Create alertInsider Discuss FinancialsMore AMDAMD26.49, -0.03, -0.1%) , the world's second largest maker of computer chips, did not estimate the amount of the loss. Through the nine months ended Sept. 25, Spansion has racked up an operating loss of $257 million due to pricing pressure from rival Intel Corp. (INTC: Intel Corporation News, chart, profile Last: 26.86+0.05+0.19% 6:40pm 11/28/2005 Add to portfolio Analyst Create alertInsider Discuss FinancialsMore INTCINTC26.86, +0.05, +0.2%) and product delays earlier this year. In Monday's filing, AMD added it cannot run it its factories at full capacity because it lacks the equipment to test some of the chips ordered by customers in the current quarter. Spansion is trying to complete an initial public offering. It aims to sell about 39.2 million Class A shares in the range of $16 a share to $18 a share. Citigroup and Credit Suisse First Boston are the lead bankers for the IPO, the timing of which has not been set. Still, business is picking up for Spansion as sales have improved the past two quarters. AMD forecast that the unit will rack up fourth-quarter revenue of more than $516 million. In the first nine months of this year, Spansion has booked $1.4 billion in sales. The company makes memory chips called NOR flash, which store data in phones and other consumer electronics even when the device is shut off. Intel and AMD are the world's largest makers of NOR flash memory chips. It is a rival technology to what is known as NAND flash. Intel and Micron Technology (MU: Micron Technology Inc. News, chart, profile Last: 14.38-0.21-1.44% 8:05pm 11/28/2005 Add to portfolio Analyst Create alertInsider Discuss FinancialsMore MUMU14.38, -0.21, -1.4%) said last week they would form a joint venture to make NAND memory chips.