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

To: Mike30 who wrote (4293)	10/27/2008 11:55:14 PM
From: blind-geezer	Respond to of 4590

dude, you only have 35 more cents to the downside to go ...

To: Mike30 who wrote (4293)	10/28/2008 11:09:16 AM
From: blind-geezer	Respond to of 4590

down to 29 cents, what is going on ???

To: Mike30 who wrote (4293)	10/28/2008 1:01:15 PM
From: captainfreedom	Read Replies (1) \| Respond to of 4590

Hmm, 3 quarters to turn around to profit, otherwise it's curtains? Another worrying thing is what the customers think about this. Would you use a supplier with a stock price of $0.28 and only can guarantee to be around for 3 more quarters?

To: Mike30 who wrote (4293)	10/28/2008 1:28:06 PM
From: neolib	Read Replies (2) \| Respond to of 4590

Well, if they were saying the truth in CC and they really have a positive cash flow in 4Q Was it really positive cash flow? IIRC, it was some other term which looked like net proceeds from operations but not subtracting ongoing capital expense or perhaps R&D or interest payments. It was definitely oddly stated. They are going to continue burning cash, and I'm pretty sure this quarter will shape up worse than they anticipated, so they will burn more cash than anticipated as well. The problem for any little holders here, is that as the market cap drops so far below book value, the temptation for an inside supported deal to take the thing private at these prices rises, and there is not much the small stock holders can do about it. The rapid collapse in the last few days looks like this might in fact be happening. You might wake up tomorrow to see that management is backing a deal to take the co private at $0.20/share and its screw you.