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

To: Joe NYC who wrote (4243)	10/15/2008 4:32:31 PM
From: Joe NYC	Read Replies (2) \| Respond to of 4590

Fourth Quarter of 2008 Outlook -- Spansion expects net sales for the fourth quarter of 2008 to decline slightly compared to the prior quarter; -- Gross margin for the fourth quarter of 2008 is expected to be flat to up compared to the prior quarter; -- SG&A and R&D expenses are expected to be down approximately $10 million in aggregate compared to the prior quarter; -- Capital expenditures for the fourth quarter of 2008 are expected to be approximately $40 million reducing the full year 2008 capital expenditure outlook to approximately $435 million, down from the previous outlook of less than $500 million. Spansion expects capital spending to remain at a maintenance level at approximately $40 million per quarter between now and mid-2009; and -- Free cash flow is expected to be positive during the fourth quarter of 2008. (Note: free cash flow positive, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities minus capital expenditures.)