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

To: bobs10 who wrote (3803)	4/13/2008 3:03:58 PM
From: Joe NYC	Read Replies (2) \| Respond to of 4590

bobs, The buyers were bidding -$.06 and the sellers were offering at -$.07. The seller were willing to pay a penny to control the price. Every once in awhile a sale would go through at -$.06 which represented, in my opinion, a sale outside of the shorts/sellers alliance. I don't really buy the conspiracy of shorts/buyers/sellers. As far as the stock price is concerned, tbe main driver is revenue and profitability of Spansion. The revenue should really be in 700-800M range and growing, and until that happens, we are likely going to see current price range until we start to solidly move in that direction. There are several things moving in favor of Spansion on the technology front. Gap between Spansion and the rest of the competitors is likely to grow. Another thing that is in favor of Spansion is that Spansion equipped their 300mm fab in more favorable credit environment. The current difficult credit environment is actually helping Spansion, since it is making it far more difficult for competitors to invest heavily in their 300mm capacity for NOR flash. The hint of Numonyx plan to equip M6 for NAND, then later add NOR does not seem to me to have a lot of credibility... OTOH, one thing that sucks is the growing share of Samsung in the handset market... Joe