Feeds

AMD's depressing Flash biz set for IPO

Spansion to think about what it has done

  • alert
  • submit to reddit

Eight steps to building an HP BladeSystem

Flash memory maker Spansion is heading to IPO country, the company said today.

The joint venture between AMD and Fujitsu has filed for an IPO with the US Securities and Exchange Commission. It has yet to set the number of shares to be offered or consequently a per share price.

In 2004, Spansion sold $2.3bn worth of memory products. It likes to be touted as "the largest company in the world dedicated exclusively to developing, designing and manufacturing Flash memory products."

A bullish IPO would be welcome at AMD where Flash memory has become a very sore subject. In recent quarters, AMD's Flash business has blunted stellar chip sales and rival Intel has gained large amounts of share in the Flash market. AMD has been under pressure from shareholders to separate the underperforming Flash unit from the overachieving chip group.

In related news, AMD has put all of its microprocessor operations under one business unit - the newly formed Microprocessor Solutions Sector. This unit will be headed by Dirk Meyer. ®

Related stories

Sun's Becky Box four-pack leaks
AMD profits disappear in a Flash
AMD, Fuji unveil Spansion

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.