Spansion Inc. Receives Additional Delisting Notice From NASDAQ
21 3월 2009 - 6:09AM
PR Newswire (US)
SUNNYVALE, Calif., March 20 /PRNewswire-FirstCall/ -- Spansion Inc.
(NASDAQ:SPSN), the world's largest pure-play provider of Flash
memory solutions, today announced that it has received an
additional staff determination notice from the NASDAQ Stock Market
stating that the company's failure to timely file its annual report
on Form 10-K for the fiscal year that ended December 28, 2008 in
accordance with NASDAQ Marketplace Rule 4310(c)(14), is an
additional basis for delisting the company's securities from the
NASDAQ Global Select Market. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO) On March
13, 2009, the company filed a Form 12b-25 with the Securities and
Exchange Commission explaining that the company was unable to
timely file its Annual Report on Form 10-K because it had not yet
completed its financial reporting process as a result of the
increased burdens placed upon the company's financial, accounting
and administrative staff in preparation for and in connection with
the voluntary bankruptcy filings made by the company and its
domestic subsidiaries in the U.S. Bankruptcy Court on March 1,
2009. The company is in the process of preparing the Annual Report
on Form 10-K for the fiscal year that ended December 28, 2008,
which it intends to file as soon as practicable after completion.
The company has requested a hearing before the NASDAQ Listing
Qualifications Panel to appeal the delisting determination. There
can be no assurance that the hearing panel will grant the company's
request for continued listing. Forward-Looking Statements This
release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. In particular, the press release includes
forward-looking statements as to the company's plans to file its
Annual Report on Form 10-K. Investors are cautioned that these
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
statements. Forward-looking statements are made as of the date of
this press release and, except as required by law, Spansion does
not undertake an obligation to update its forward-looking
statements to reflect future events or circumstances. About
Spansion Spansion (NASDAQ:SPSN) is a leading Flash memory solutions
provider, dedicated to enabling, storing and protecting digital
content in wireless, automotive, networking and consumer
electronics applications. Spansion, previously a joint venture of
AMD and Fujitsu, is the largest company in the world dedicated
exclusively to designing, developing, manufacturing, marketing,
selling and licensing Flash memory solutions. For more information,
visit http://www.spansion.com/. Spansion(R), the Spansion logo,
MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), ORNAND2(TM),
HD-SIM(TM), EcoRAM(TM) and combinations thereof, are trademarks of
Spansion LLC in the United States and other countries. Other names
used are for informational purposes only and may be trademarks of
their respective owners.
http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO
http://photoarchive.ap.org/ DATASOURCE: Spansion Inc. CONTACT:
Press, Courtney Brigham, +1-408-616-5056, or Investors, Ken
Tinsley, +1-408-616-7837, both of Spansion Inc. Web Site:
http://www.spansion.com/
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