Key Developments: Spansion Inc (CODE.N)
13.21USD
24 May 2013
$0.03 (+0.23%)
$13.18
$13.16
$13.21
$13.16
3,424
104,770
$14.53
$9.46
Latest Key Developments (Source: Significant Developments)
Spansion Inc Issues Q2 2013 Guidance Below Analysts' Estimates
Spansion Inc announced that for the second quarter of 2013, it expects U.S. GAAP net sales in the range of $200 million to $220 million, GAAP diluted net income per share of ($0.10) to ($0.03) and non-GAAP diluted EPS to be in the range of $0.16 and $0.23. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $222 million and EPS of $0.26 for the second quarter of 2013. Full Article
Fujitsu Ltd to Sell Microcontroller and Analog Device Business to Spansion Inc. and Other Spansion Companies
Fujitsu Ltd announced that a subsidiary Fujitsu Semiconductor Limited (FSL) has decided to enter into a definitive agreement to sell its microcontroller and analog business to California-based Spansion LLC and affiliates (including Spansion Inc.). In accordance with the agreement, FSL's microcontroller and analog business in Japan, together with the microcontroller and analog business in Japan operated by Fujitsu VLSI Limited and Fujitsu Microelectronics Solutions Limited, which are subsidiaries of FSL, will first be absorbed by Fujitsu Ltd. Fujitsu will transfer the business into a new company to be established by FSL, and then all of the shares in the new company will be transferred to one of Spansion subsidiaries in Japan, Nihon Spansion Limited. The assets of the microcontroller and analog business outside Japan, as well as FSL's intellectual property and product inventory related to the microcontroller and analog business, will be transferred to Spansion. The sales price of microcontroller and analog business is approximately USD 110 million and the sales price of related inventory is approximately USD 65 million. Full Article
Fujitsu Ltd In Talks To Sell Car Chip Business To Spansion Inc-Reuters
Reuters reported that Fujitsu Ltd is in late-stage talks to sell its microcontroller chip business to Spansion Inc. Terms of the deal, which will include Fujitsu's microcontroller design and development business as well as a Japanese plant, could not be obtained. A Fujitsu spokesman said nothing had been decided with regards to its microcontroller chip business. The news was also reported by Japanese media, including the Nikkei business daily. Full Article
Spansion Inc and XMC Semiconductor Announce 32nm Flash Memory Partnership
Spansion Inc and XMC, China's 300mm semiconductor foundry, announced an expanded partnership, to develop and manufacture Spansion 32nm NOR Flash memory. The agreement expands XMC's current 300mm manufacturing of Spansion's 65nm and 45nm Flash memory technology. Full Article
Spansion Inc Issues Q3 2013 Guidance
Spansion Inc announced that for third quarter of 2013, it expects U.S. GAAP net sales in the range of $180 million to $205 million and GAAP net loss per share of ($0.33) to ($0.22). Excluding intangible amortization and stock based compensation, EPS is expected to be between ($0.05) and $0.06. Full Article
Spansion Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates
Spansion Inc announced that for the fourth quarter of 2012, it estimates U.S. GAAP net sales in the range of $220 million to $245 million and GAAP net income per share of $0.08 to $0.13 and non-GAAP EPS is expected to be in the range of $0.33 and $0.37. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $243 million and EPS of $0.37 for the fourth quarter of 2012. Full Article
Spansion Inc. Issues Q3 2012 Guidance In Line With Analysts' Estimates
Spansion Inc. announced that for the third quarter of 2012, it expects U.S. GAAP net sales in the range of $230-$250 million, GAAP net income per share of $0.01 to $0.08 and EPS to be between $0.27 and $0.33. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $245 million and EPS of $0.29 for the third quarter of 2012. Full Article
ChipMOS Technologies (Bermuda) Ltd.'s Subsidiary And Spansion Inc. Extend Service Agreement
ChipMOS Technologies (Bermuda) Ltd. announced that its majority owned subsidiary, ChipMOS TECHNOLOGIES INC., and Spansion Inc. have extended their wafer sort services agreement started in April 2010, through April 2014. Full Article
Spansion Inc. Issues Q2 2012 Guidance In Line With Analysts' Estimates
Spansion Inc. announced that for second quarter of 2012, it expects U.S. GAAP net sales in the range of $220 million to $235 million, GAAP diluted net income per share of $0.34 to $0.43 and non-GAAP diluted EPS to be between $0.15 and $0.21. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $232 million and EPS of $0.15 for second quarter of 2012. Full Article
Spansion Inc. And SK Hynix Announce Strategic NAND Alliance
Spansion Inc. and SK Hynix announced an alliance to deliver Spansion SLC NAND products at the 4x, 3x, and 2x nodes to the embedded market. The first Spansion SLC NAND products resulting from this alliance will be available beginning in the second quarter of 2012. As part of the relationship, the companies will enter into a patent cross-licensing agreement. Spansion's NAND products complement its NOR offering and complete its product line, which is targeted at embedded applications such as automotive, industrial and telecommunications. Full Article
CORRECTED-Fujitsu in talks to sell car chip business to Spansion -sources
(Corrects paragraph 2 to show that Spansion will be using a Fujitsu plant, not buying it)
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