Spansion: A Difficult Road Ahead?

The timing for Spansion's IPO could not have been worse. Today's Intel-STMicro announcement is another reason to think that this IPO won't fly.
Olga Kharif

Today, MarketWatch reported that Spansion, the flash memory business of AMD, will price its IPO next week. What I can't understand is why. Why now, that is. Sure, I know that AMD wants to get rid of Spansion, which is dragging down its financials, as soon as possible. But this might not be a good time, by any stretch.

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