Zacks Investment Research downgraded shares of SPANSION INC (CODE) from OUTPERFORM to NEUTRAL on December 26, 2012, with a target price of $14.70.
Spansion Inc., headquartered in Sunnyvale, California, is engaged in designing, developing, manufacturing, marketing, and selling Flash memory solutions. Flash memory is used in nearly every electronic device including cars, printers, networking equipment, set-top boxes, high-definition TVs, games, cell phones and other consumer electronics. The Company's patented MirrorBit technology forms the foundation for enabling Flash memory solutions optimized for both code execution and data storage. Spansion also offers total Flash memory solutions that incorporate software, hardware, packaging and are verified and compatible with third-party silicon.
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