追踪SPAxSIOx事情发展 (01/03/2009 SPAxSIOx申请破产保护)

AMDME

[quote]原帖由 K.W.N. 于 22-2-2009 11:36 PM 发表
RAM厂在现在这个overstock, low demand market，包倒。 [/quote

spansion 不是生产RAM 的，

whloh4810

database admin? permanant 应该没事，so far有些contractor好像是收到notice了。。。今天又shutdown。。。要去和security八一八,可能可以拿到料

舒马克

我做的公司也是今天shutdown..晕。

FTZ没想以往的那么了。

Mr.Business

新闻。

Spansion CEO to get bonus for white knight

Mark LaPedus
Page 1 of 2
EE Times
(02/22/2009 10:16 AM EST)

SAN JOSE, Calif. -- Spansion Inc.'s new president and chief executive is entitled to a bonus of $1.75 million--if he can find a buyer or white knight for the troubled memory company, according to a filing.

The company has also delayed making the interest payments on its senior notes. And rumors are also flying that Spansion (Sunnyvale, Calif.) will implement another layoff this week, reportedly in Austin, Texas, sources said.


Earlier this month, the NOR-flash leader named John Kispert, former president and COO of KLA-Tencor Corp., as its new chief executive and member of the board. He replaced Bertrand Cambou, who stepped down.


Spansion is running out of options amid losses and poor demand. On Jan. 15, Spansion announced it was exploring strategic alternatives for a sale or merger. The company also announced plans to restructure its balance sheet.


Sources indicate that Spansion is mulling bankruptcy fillings. Its Japanese unit did file for bankruptcy. And at one time, Toshiba Corp. was looking at buying Spansion. Micron Technology Inc. is also reportedly looking at Spansion.


On Feb. 12, 2009, Kispert joined the company, ''to which he is entitled to compensation of $75,000 per month,'' according to a recent filing at the U.S. Securities and Exchange Commission (SEC).


According to the filing, ''the company will pay Mr. Kispert a nonrefundable advance of four months salary. In addition, Mr. Kispert is entitled to a bonus of $1.75 million upon the first to occur of either of the following transactions:

''A merger or consolidation of the company with any other corporation which constitutes a change in ownership of the securities of the company representing more than fifty percent of the total voting power represented by the company's then outstanding securities, other than a merger or consolidation which would result in holders of pre-transaction debts of the company generally holding at least fifty percent of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or

''(ii) The sale, lease or other disposition by the Company of all or substantially all the company's assets, which occurs on the date that any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the company that have a total gross fair market value equal to or more than eighty-five percent of the total fair market value of all of the assets of the company immediately prior to such acquisition or acquisitions.''

http://www.eetimes.com/news/semi ... 14502262&pgno=1


More troubles

And the problems continue for the company, as it is tardy with its interest payment. ''As previously reported on an Item 8.01 Form 8-K filed with the Securities and Exchange Commission by Spansion Inc. on January 16, 2009, the company issued a press release announcing that it had delayed making the interest payment on the company's outstanding 11.25 percent Senior Notes due 2016, which was due January 15, 2009,'' according to an SEC filing late last week.

''Under the indenture governing the 11.25 percent Senior Notes, a failure to make an interest payment is subject to a 30-day cure period,'' according to the filing. ''The company did not make this interest payment within the 30-day cure period, which expired on February 14, 2009. The failure to make the interest payment within the cure period is an event of default under the Senior Notes Indenture, which resulted in all obligations under the Senior Notes Indenture (approximately $266 million as of the date of the event of default) automatically becoming due and payable.''

http://www.eetimes.com/news/semi/showArticle.jhtml;jsessionid=A4XIWOBGZRBZQQSNDLPCKHSCJUNN2JVN?articleID=214502262&pgno=2

Mr.Business

新闻

Spansion begins cutting jobs
By Kirk Ladendorf | Monday, February 23, 2009, 10:34 AM

Spansion Inc. began cutting jobs in Austin and elsewhere Monday as the company struggles to stay in operation until it can find a buyer.

“We are undertaking a reduction in force today, but out of respect for our employees, we wish to finish the process before providing any details,” the company said in a statement.

Spokesperson Holly Burkhart said no more details would be available until this afternoon.

The chipmaker employs about 1,200 people in Austin, where it operates the Fab 25 chip factory on East Ben White Boulevard.

Many of its Austin workers have been idled by an indefinite furlough that began before Christmas.

Spansion, based in Sunnyvale, Calif., told investors in January that it will seek to find a buyer or a partner to support its operations. The company is a leading maker of flash memory chips used in cell phones, communications equipment and other products. It has been hurt by a glut in memory chips, sliding prices and the sudden softening in demand brought on by the global economic downturn last fall.

The company has suspended payments on some of its bonds and its Japanese subsidiary has filed for bankruptcy protection.

http://www.statesman.com/blogs/c ... s_cutting_jobs.html


February 23, 2009, 11:18 am
Spansion In Default On Notes; The Next Tech Bankruptcy?
Posted by Eric Savitz

Spansion (SPSN) on Friday disclosed that it failed to make the interest payment on its 11.25% senior notes due 2016 which had been due on January 15. The NOR flash memory chip company noted that under the indenture for the notes, the failure to make the payment by February 14 triggered a default, which makes the $266 million in notes automatically due and payable. So you can guess what happens next.

In a research note this morning, Credit Suisse analyst John Pitzer today asserted that the default on the 11.25% notes is likely to trigger cross-default provisions of other debt securities issued by Spansion “and force the company to seek bankruptcy protection.” Pitzer this morning downgraded the stock to Neutral from Outperform, with a price target of 5 cents, down from $2. (A little late there, John.)

Pitzer said the troubles at Spansion, which controls 40% of the NOR market, could be a positive for rivals Samsung and Numonyx, an Intel/STMicro joint venture.

SPSN today is unchanged at 5 cents.

http://blogs.barrons.com/techtra ... xt-tech-bankruptcy/


Updated: Spansion to cut 3,000 jobs
Mark LaPedus
EE Times
(02/23/2009 11:20 AM EST)


SAN JOSE, Calif. — Rumors are flying on Monday (Feb. 23) about a big layoff at NOR flash leader Spansion Inc.

There are now reports that the company will cut 3,000 jobs, or about 35 percent of its workforce, over time, industry sources said.

Spansion (Sunnyvale, Calif.) did not comment. ''We are undertaking a reduction in force today, but out of respect for our employees we wish to finish the process before providing any details,'' according to a spokeswoman at Spansion.

On Jan. 15, Spansion announced it was exploring strategic alternatives for a sale or merger. The company also announced plans to restructure its balance sheet.

Sources indicate that Spansion is mulling bankruptcy fillings. Its Japanese unit did file for bankruptcy. And at one time, Toshiba Corp. was looking at buying Spansion. Micron Technology Inc. is also reportedly looking at Spansion.

On Monday, Taiwanese IC-packaging and test house ChipMOS Technologies Ltd. terminated a service agreement with Spansion. ChipMOS last month gave Spansion 30 days to pay the amount it had defaulted on. ChipMOS said Spansion now owes about $73 million, roughly $29 million of which is now in default.

The outlook for the company is cloudy. Spansion's new president and chief executive is entitled to a bonus of $1.75 million--if he can find a buyer or white knight for the troubled memory company, according to a filing. The company has also delayed making the interest payments on its senior notes.

http://www.eetimes.com/news/semi ... articleID=214502418


ChipMOS ends agreement with US flash maker
By The Associated Press, 02.23.09, 11:33 AM EST
  
ChipMOS Technologies Inc., which provides chip testing and assembly services, on Monday said it has terminated its contract with Spansion LLC. over default of payment.

Taiwan-based ChipMOS said flash memory maker Spansion (nasdaq: SPSN - news - people ) has defaulted on $29 million out of $73 million in trade debt. ChipMOS said it will provide future services to Spansion on terms of cash on delivery.

Sunnyvale, Calif.-based Spansion began as a joint venture between Advanced Micro Devices Inc. (nyse: AMD - news - people ) and Fujitsu Ltd. (other-otc: FJTSY.PK - news - people ) in 1993. Its flash memory products are integrated into a variety of electronic devices such as cell phones, high-definition TVs and set-top boxes.

In January, Spansion said it would restructure its balance sheet and seek a sale or merger. Chief Executive Bertrand Cambou was replaced last month by John Kispert, who was the former president of KLA-Tencor Corp. (nasdaq: KLAC - news - people )

ChipMOS Technologies (nasdaq: IMOS - news - people ) Inc. is a unit of ChipMOS Technologies (Bermuda) Ltd.

Shares of ChipMOS rose by a penny to 26 cents in morning trading. Spansion was unchanged at a nickel.

http://www.forbes.com/feeds/ap/2009/02/23/ap6083332.html

[ 本帖最后由 Mr.Business 于 24-2-2009 08:36 AM 编辑 ]

Mr.Business

这里有些Spansion US员工的评语，大家可以去看看。

http://www.statesman.com/blogs/c ... s_cutting_jobs.html

煤林王

Mr Business,你是spansion的员工吗?为何你对spansion消息那么注意??

Mr.Business

我不是spansion的员工。

二打六

我有house mate 是在spansion做的。。。
千万不要裁掉我的house mate 啊。。。
要不然我们的房租，电费，Stramyx,就要多出了。。。
他说如果他被裁了他将会去KL找做工了。。。
现在我的公司又Shut Down一下。。。
在这个时候要多出这些钱确实是很伤已下。。。

khawyc

http://seattlepi.nwsource.com/bu ... nsion_job_cuts.html

风雨逍遥

早上announce cut 30%了，现在在开紧急会议，迟些有什么Communication session的，不懂作什么的。。。

宇晴

哇！好严重。
我也有朋友在Spansion做，不懂他们怎样。。。

khawyc

还能怎样？？？收拾好包袱，准备点名上船。。。

sunshine~

今天的communication session有没有人要分享一下

Mr.Business

Spansion的正式文告。

Spansion(R) Announces Reduction in Force
--Approximately 3,000 employees globally affected

SUNNYVALE, Calif., Feb 23, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Spansion (Nasdaq: SPSN) announced today that it is reducing its global work force by approximately 3,000 employees, or 35 percent. The majority of the positions affected are at Spansion's global manufacturing sites, as the company resizes the organization due to current market conditions. This action is taken in an effort to further reduce costs as Spansion continues its restructuring efforts and explores various strategic alternatives.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO)

"The global recession is forcing us to make this very difficult decision in order to bring our costs in line with the current expectations for significantly reduced revenues," said John Kispert, Spansion president and CEO. "This action was not undertaken lightly given its impact on our employees and their families. However, we have a responsibility to preserve the value of the enterprise as we pursue our goal of positioning Spansion for a recovery through a restructuring and/or sale."

The company expects that when complete, this reduction in force will result in approximately $25 million in cash charges, during the first half of 2009. The company believes this reduction in force will provide it with annual cash cost savings of approximately $225 million.

http://investor.spansion.com/releasedetail.cfm?ReleaseID=367198

煤林王

你是的spansion的,不然你不会知道那么多

江湖

难道你不会看报纸和GOOGLE的吗?

夜游子

cincai 在google 都可找到相关消息的喔。。

desaintlights

槟城中几多人？

风雨逍遥

坏消息！

Spansion cut 65%的员工。。。