News Spansion files for Chapter 11

http://www.bit-tech.net/news/bits/2009/03/03/spansion-files-for-chapter-11/1

Flash memory manufacturer Spansion has filed for bankruptcy protection in both the US and Japan as it faces mounting debts in a slowing market.

 

That's pretty disturbing, we'll be seeing horridly expensive DDR4 and DDR5 chips later on.

 

I always wished they would change the name Ch 11 Bankruptcy. People hear that name and they think a company is on the verge of going out of business. (Sometimes True) It's just smart business sense when in a type of recession either worldwide or in your own market to consolidate your debt and reduce liability to your suppliers. I hate lay offs but that goes right along with it. This company was expecting considerable growth starting from 2008 and upcoming years. Either this Ch. 11 will help them make it through or believe it or not make the company more attractive to a potential buyer.

I was a Consumer Finance Manager with a company in 2001 and on the board with 10%. It took us 2 years to get out of Ch.11 and afterwards a company bought us out very quickly.