Spansion (SPSN) Sees Q4 Sales 20% Lower Sequentially
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Spansion, Inc. (Nasdaq: SPSN) today announced that in anticipation of a weak holiday season, Spansion's customers are shutting down factories, and slowing down manufacturing run rates.
As a result, Spansion anticipates that net sales for Q408 will be approximately 20% lower than its previous quarter. Spansion is taking action by cutting cost of goods sold by approximately 15%, and further reducing operating expenses.
Spansion, Inc., a semiconductor device company, engages in designing, developing, manufacturing, marketing, and selling flash memory solutions worldwide.
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