Spansion Inc.
OTC:SPSNQ ISIN:US84649R1014
Spansion Inc. (OTC:SPSNQ) is a semiconductor device company engaged in designing, developing, manufacturing, marketing and selling not or (NOR) Flash memory products and solutions. The Company sells it’s NOR Flash memory products to approximately 4,500 customers worldwide. Its products are used in a range of applications, including automotive electronics, such as navigation systems and engine control; PC and peripheral computing equipment, such as printers; consumer equipment, such as set top boxes and home networking; communication equipment such as enterprise networking and cellular infrastructure, arcade gaming equipment, industrial control equipment and mobile phones.
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Friday Asian stocks received a positive lead from Wall Street. US stocks overnight posted a slim gain, supported by better-than-expected retail sales data and analyst upgrades of a batch of blue-chip companies. Yesterday most Asian markets closed lower on renewed worries about China's policy tightening. Hong Kong's Hang Seng Index slid 1.4 per cent, while Shanghai Composite lost 2.4 per cent, with China's banking and property shares dropping sharply. Singapore market was also impacted by China's property bubble concerns, and Straits Times slid 0.5 per cent. Japan's Nikkei 225 was off 1.1 per cent as strong yen hurt exporters.
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