From statesman, January 26, 2009...
Things are tough in the semi-conductor industry, but nowhere more so than at Spansion Inc., which has seen its stock price drop to less than one thin dime per share in the past two weeks.
Spansion, the world's leading maker of NOR flash memory, is attempting to find a buyer or a partner, but an analyst who follows the company says bankruptcy court is also a possibility.
That could be bad news for the estimated 1,200 people who still work for the company in Austin, most of them at the Fab 25 factory in Southeast Austin. An undisclosed number of the workers remain on an unpaid furlough that began before Christmas and is set to extend through January.
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