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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Pam who wrote (3070)	1/17/2008 9:17:12 AM
From: Woerns	Respond to of 4590

Fujitsu is an exclusive distributor of SPSN products in japan. AFAIR that changed with the beginning of 2008. Regards

To: Pam who wrote (3070)	1/17/2008 9:56:59 AM
From: bobs10	Read Replies (1) \| Respond to of 4590

you: Does anyone know what is the ratio of 300mm to 200mm capacity for SPSN? me: That's one of the big questions. I don't think anyone knows how much of fab25 is still 90nm vs 65nm, but as far as I know it's all 200mm. you: If they remain flat with 3Q, the company would still have an Operating loss of (126-169.5)= 43.5mm. me: That's in line with what I expect. However other things like cash flow should improve as CAPEX spending is cut in half in 08. EBITDA should improve a lot as new products start to have a positive effect on GMs. R&D will remain high as there is no one to help shoulder the costs. Obviously, what I'm betting is that strong sales of new products will more than offset increasing costs and lower ASPs. Not that costs overall will be going up. In fact the lower overall costs expected is the basis for my expectations of a turn around in 08. you: Stock has come down a lot and could bounce a bit but it is unlikely to go back to the levels from 6 months ago for a while unless NOR prices move up for a few Q's (unlikely considering the capacity available and fight for survival from Numonyx). me: From my point of view the NUMONYX deal was always an exit plan for INTC based on their belief that PCM would eventually conquer all. As a result NUMONYX will enter the fray seemingly under funder and not at all competitive with MirrorBit. Q4 INTC flash results, where they produced less NOR at higher ASPs is probably indicative of the way NUMONYX will go, continuing to bet on PCM at some future date. you: I also noticed that 1/3rd of their sales are to Fujitsu. Is this a long-term commitment after the company was divested by AMD+Fujitsu? me: yes, as I remember it Fujitsu has most of the distribution rights in JP. Fujitsu still owns a huge block of SPSN's shares.

To: Pam who wrote (3070)	1/17/2008 2:30:24 PM
From: Joe NYC	Read Replies (2) \| Respond to of 4590

Pam, Does anyone know what is the ratio of 300mm to 200mm capacity for SPSN? It is shifting every quarter, but vast majority of sales is from 200mm quarters in Q4. What is ramping up is SP1 and 300mm TSMC wafers. Later on, SMIC. But as of Q4, the biggest single contributor to revenues is output from Fab 25 in Austin, which is 200mm. I think at some point, there will be a talk of crossover between 200mm and 300mm output (in, say 200mm wafer equivalents). My guess is that the crossover will be in 2H 2008. The thing is, though, that Spansion has existing 200mm capacity in place, while 300mm capacity is ramping up. The rate of 300mm capacity ramp is dependent on volume, which is kind of a catch 22. Joe