• We've upgraded our forums. Please post any issues/requests in this thread.

Spansion Files for Bankruptcy

malware

New Member
Joined
Nov 7, 2004
Messages
5,422 (1.13/day)
Likes
954
Location
Bulgaria
Processor Intel Core 2 Quad Q6600 G0 VID: 1.2125
Motherboard GIGABYTE GA-P35-DS3P rev.2.0
Cooling Thermalright Ultra-120 eXtreme + Noctua NF-S12 Fan
Memory 4x1 GB PQI DDR2 PC2-6400
Video Card(s) Colorful iGame Radeon HD 4890 1 GB GDDR5
Storage 2x 500 GB Seagate Barracuda 7200.11 32 MB RAID0
Display(s) BenQ G2400W 24-inch WideScreen LCD
Case Cooler Master COSMOS RC-1000 (sold), Cooler Master HAF-932 (delivered)
Audio Device(s) Creative X-Fi XtremeMusic + Logitech Z-5500 Digital THX
Power Supply Chieftec CFT-1000G-DF 1kW
Software Laptop: Lenovo 3000 N200 C2DT2310/3GB/120GB/GF7300/15.4"/Razer
#1
Spansion Inc., the world's largest pure-play provider of Flash memory solutions, today filed a voluntary petition for reorganization under chapter 11 of the U.S. Bankruptcy Code as part of its strategy to strengthen its financial position and focus its business for long-term success. The company's strategic plan is designed to restructure its burdensome debt obligations and intensify its focus on market segments with greater profit potential. Each of Spansion's domestic subsidiaries also simultaneously filed chapter 11 petitions.
"Given our focus on Spansion's future, management and the Board have concluded that chapter 11 provides the most effective means for Spansion to preserve its business, meet its post-petition obligations and maintain customer confidence and continuity while we complete this restructuring," said President and CEO John Kispert. "At the same time we will continue to explore opportunities for a strategic transaction to ensure that we are doing all we can to maximize value for our stakeholders."


Show full news post
 

eidairaman1

The Exiled Airman
Joined
Jul 2, 2007
Messages
19,240 (5.04/day)
Likes
4,817
System Name PCGOD
Processor AMD FX 8350@ 5.0GHz
Motherboard Asus TUF 990FX Sabertooth R2 2901 Bios
Cooling Scythe Ashura, 2×BitFenix 230mm Spectre Pro LED (Blue,Green), 2x BitFenix 140mm Spectre Pro LED
Memory 16 GB Gskill Ripjaws X 2133 (2400 OC, 10-10-12-20-20, 1T, 1.65V)
Video Card(s) AMD Radeon 290 Sapphire Vapor-X
Storage Samsung 840 Pro 256GB, WD Velociraptor 1TB
Display(s) NEC Multisync LCD 1700V (Display Port Adapter)
Case AeroCool Xpredator Evil Blue Edition
Audio Device(s) Creative Labs Sound Blaster ZxR
Power Supply Seasonic 1250 XM2 Series (XP3)
Mouse Roccat Kone XTD
Keyboard Roccat Ryos MK Pro
Software Windows 7 Pro 64
#2
watch as the best parts of that company are bought and the rest of the assets are garnished.
 

mtosev

New Member
Joined
Mar 21, 2005
Messages
1,462 (0.31/day)
Likes
144
Location
Maribor, Slovenia
Processor Core i7 930
Motherboard Asus P6X58D Premium
Memory 6gb SuperTalent WB200UX6G8
Video Card(s) xfx radeon hd 5970 black edition
Storage Intel X25-M 80
Display(s) Dell UltraSharp 2209wa
Case Haf 932
Audio Device(s) Integreted sound card
Software w7
#3
bravo amd :rockout:
 

mtosev

New Member
Joined
Mar 21, 2005
Messages
1,462 (0.31/day)
Likes
144
Location
Maribor, Slovenia
Processor Core i7 930
Motherboard Asus P6X58D Premium
Memory 6gb SuperTalent WB200UX6G8
Video Card(s) xfx radeon hd 5970 black edition
Storage Intel X25-M 80
Display(s) Dell UltraSharp 2209wa
Case Haf 932
Audio Device(s) Integreted sound card
Software w7
#5
How does it related to the news? :slap:
Spansion Inc. is a joint-venture between AMD and Fujitsu that trades on NASDAQ under the symbol SPSN. Spansion is the largest company exclusively focused on Flash memory products. Spansion has 8,400 employees and is headquartered in Sunnyvale, California.

Spansion was founded in 1993 as a joint venture between AMD and Japan's Fujitsu Ltd. AMD took control of the company in 2003 and spun it off as an independent maker of flash memory chips in December 2005. Since the spinoff, the company has not made a profit.[1] The company has consistently lost money since it went public and lost $133 million in the third quarter of 2008, the most recent period for which it has disclosed financial data.[2] On February 23, 2009 the company laid off 3,000 employees without severance pay, while CEO John Kispert was given a bonus of $1.8 million[1][3] and managers received a 10% pay raise.[2] The company filed for Chapter 11 bankruptcy on March 1, 2009 amidst an outcry by laid-off workers.
 
Joined
Apr 14, 2008
Messages
3,338 (0.94/day)
Likes
500
Location
Brooklyn, New York 11223
System Name Mine | Dad + Mom
Processor E8500 E0 Wolfdale @ 4.6GHz 1.5V | E2180 M0 Allendale @ 3.0GHz 1.3V
Motherboard Asus Maximus Formula (X48) w/ Rampage BIOS | Asus P5Q Pro (P45)
Cooling Xigmatek Rifle HDT-S1283 w/ SFF21F Fan | Arctic Cooling Freezer 7 Pro
Memory G.Skill Pi Black 2x2GB 1.02GHz CL5 | OCZ Reaper 2x2GB 1.05GHz CL5
Video Card(s) Sapphire 4870X2 2GB 820/1020MHz | Sapphire 4850 1GB 700/1100MHz
Storage WD VR 150GB 10K RPM + WD 500GB 7.2K RPM | WD 200GB 7.2K RPM
Display(s) Acer P243WAID 24" 1920x1200 LCD | Acer V193W 19" 1440x900 LCD
Case Cooler Master HAF 932 Full-Tower | Antec Twelve Hundred Mid-Tower
Audio Device(s) Fatal1ty Xtreme Gamer w/ Z-5500 5.1 | On-Board Audio w/ S-220 2.1
Power Supply PC Power and Cooling 750W Non-Modular | Corsair HX-520W Modular
Software Windows Vista Home Premium X64 | Windows Vista Home Premium X64
Benchmark Scores Not Wasting Time!
#6
Spansion Inc. is a joint-venture between AMD and Fujitsu that trades on NASDAQ under the symbol SPSN. Spansion is the largest company exclusively focused on Flash memory products. Spansion has 8,400 employees and is headquartered in Sunnyvale, California.
U listen to too much politics! :p