Spansion Emerges from Bankruptcy
Posted on May 23, 2010 1:20pm PDT
Spansion, the California maker of NOR flash memory chips, has emerged from Chapter 11 bankruptcy as a more profitable company. They have emerged later than expected, but after filing for bankruptcy, they slashed payroll and debt in a bid to return to profitability. The bankruptcy reorganization also changed the ownership of the company.
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