spansion inc-class a (CODE) Key Developments
Spansion Inc. and Macronix International Co., Ltd. Reach Settlement Agreement
Jan 27 15
Spansion Inc. and Macronix International Co. Ltd. have settled all outstanding patent disputes and actions, including their respective complaints at the US International Trade Commission as well as District Court, inter partes review proceedings at USPTO, and Macronix's patent infringement complaint against Spansion in Germany. As part of the settlement, both companies agreed to dismiss all patent cases between them and their downstream customers worldwide. In the agreement, the companies have granted certain rights under the disputed patents to each other. The settlement allows both companies to direct their full attention and resources to continuing to innovate and serving their customers' needs as leaders in the memory semiconductor industry.
Spansion Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter Ended December 28, 2014; Provides Earnings Guidance for the First Quarter of 2015
Jan 22 15
Spansion Inc. announced unaudited consolidated earnings results for the fourth quarter ended December 28, 2014. For the quarter, the company reported net sales of $309,509,000 against $313,670,000 a year ago. Operating loss was $3,016,000 against $9,431,000 a year ago. Loss before income taxes was $8,638,000 against $20,397,000 a year ago. Net loss was $9,659,000 against $23,698,000 a year ago. Basic and diluted net loss per common share was $0.16 against $0.40 a year ago. Net cash used for operating activities was $3,166,000 against net cash provided by operating activities of $20,860,000 a year ago. Purchase of property, plant and equipment was $24,963,000 against $13,242,000 a year ago. Non-GAAP operating income was $26.6 million against $25.5 million a year ago. Adjusted EBITDA was $41.8 million against $38.8 million a year ago. Non-GAAP net income was $20.8 million against $12.6 million a year ago. Non-GAAP diluted EPS of $0.30 per share.
For the first quarter of 2015, the company estimates net sales in the range of $270 million to $310 million. The company expects momentum in NAND and strength in the transportation and industrial markets to be offset by typical first quarter seasonality and changes in foreign exchange rates in Japan.
Integrated Silicon Solution, Inc. Announces Licensing Agreement with Spansion Inc
Jan 9 15
Integrated Silicon Solution Inc. (ISSI) and Spansion Inc. have announced a licensing agreement that provides ISSI access to Spansion's HyperFlash memory and HyperBus technology portfolio, as well as access to MirrorBit technology in Spansion's foundries. The agreement provides additional intellectual property (IP) rights to ISSI to expand its flash product portfolio for automotive and industrial customers, as well as access to HyperBus technology.
Spansion Inc. and Sensoplex Announces a Partnership to Jointly Develop and Market an Evaluation and Development Kit Platform
Dec 16 14
Spansion Inc. and Sensoplex announced a partnership to jointly develop and market an evaluation and development kit platform (EVK and SDK) that will allow customers to quickly develop innovative wearable applications that can combine inertial, bio and environmental sensors, Bluetooth Low Energy (BLE), and ANT+ wireless protocols with ultra low-power processing. The companies will demonstrate the solution at CES, South Hall 2, Spansion booth MP25471. The platform from Spansion and Sensoplex offers outstanding performance for wearable devices and can greatly reduce time to market. The manufacturing-ready platform can be mass-produced as is or rapidly customizable for different form factors and specifications. The platform includes the following: Spansion FM3 microcontrollers with low-power management for battery-powered applications. Spansion FL-S serial Flash memory at 256Mb, which is ideal for small packaging and low power to store raw or processed sensor data. Sensoplex PDI air interface for wireless data communications over BLE or ANT+. Sensoplex APIs for customer firmware development. Sample apps for Android and iOS with source code to aid in quick app development. Additional Sensoplex design and manufacturing services. FCC and CE certification, speeding time to market.
Spansion Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 12:05 PM
Dec 3 14
Spansion Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 12:05 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.