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

To: BUGGI-WO who wrote (3681)	4/1/2008 9:05:54 AM
From: bobs10	Respond to of 4590

CITI Additionally, we have reflected a $162M loss in 2Q08-4Q08 from Intel’s 45.1% ownership in Numonyx through equity holdings. me: So, if I'm reading that right, Numonyx is going to loose $360m in the next 3 Qs or about $480m on an annual basis? At that rate of burn Numonyx wont last a year. And that is under present conditions. Things are going to get a lot worse as Eclipse starts to hit the market. One can only wonder how thrilled INTC/STM are going to be having to prop up this putrid dead horse. These guys are already on the hook for $450m and the company is going to loose a minimum of $480m over the next year? This is about the dumbest thing I've heard of in quite awhile. INTC's management never fails to impress. Well, unless some sea change, like PCM, hits the market in the next year the outlook for SPSN seems notably brighter. Is anyone sure Numonyx isn't an April fools joke?