Last €31.16 EUR
Change Today -0.51 / -1.62%
Volume 80.0
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As of 3:17 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

spansion inc-class a (S56) Snapshot

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spansion inc-class a (S56) Details

Spansion, Inc. designs, manufactures, develops, and sells embedded systems semiconductors worldwide. The company offers flash memory, microcontrollers, mixed-signal and analog products, and embedded system-on-chip solutions. It provides a family of parallel and serial NOR flash memory, as well as a range of lower density NAND flash memory products for non-commodity embedded applications. The company also offers a family of 8-, 16-, 32-bit proprietary and 32-bit ARM based microcontrollers that are used in automotive products, such as body electronics, chassis and safety, power train and hybrid, home appliances, digital audio/video equipment, and industrial and office equipment. In addition, it provides power management integrated circuits (IC), including DC/DC converters, voltage regulators and supervisors, and power monitoring and reset ICs; and a family of LED lighting driver ICs and energy harvesting solutions. In addition, it is involved in licensing intellectual property to third parties, as well as assisting customers in developing and prototyping their designs by providing software and hardware development tools, drivers, and simulation models for system-level integration. The company markets and sells its products directly or through third-party distributors to original equipment manufacturers, original design manufacturers, and contract manufacturers. Spansion, Inc. was incorporated in 2005 and is headquartered in Sunnyvale, California.

3,685 Employees
Last Reported Date: 07/8/14
Founded in 2005

spansion inc-class a (S56) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $830.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $416.3K
Compensation as of Fiscal Year 2013.

spansion inc-class a (S56) Key Developments

Spansion Inc. and Macronix International Co., Ltd. Reach Settlement Agreement

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

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

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.


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