Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily

Spansion Delisted By Nasdaq; Stock Swoons

May 6, 2009 at 9:40 am PT

Spansion (SPSN) announced today that the stock will be delisted by Nasdaq at today’s close.

The NOR flash memory chip company, which is operating under Chapter 11 of the federal bankruptcy code, said that it is “making progress” on its restructuring plans. The company recently said it is focused on its embedded solutions and IP licensing market, and is seeking alternatives for its wireless business. The company said discussions with creditors “continue to progress.”

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Tagged with: Barrons, Chapter 11, digital, economy, embedded solutions, Eric Savitz, flash memory chip, frontpage, hardware, IP licensing, Nasdaq, NOR, semiconductors, Spansion, Tech Trader Daily

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