Spansion Inc. (CODE)

[elephant]

Report: Elpida to buy Spansion's wireless unit?

http://www.eetimes.com/news/semi/showArticle.jhtml?articleID=219200423

SANTA CLARA, Calif. -- The rumor mill is running wild at the Flash Memory Summit here.

The latest rumor: Japan's Elpida Memory Inc. is looking to buy Spansion Inc.'s wireless chip unit for $200-to-$300 million. A spokeswoman from Elpida declined to comment. Spansion did not respond to e-mails.

There are also rumors that Spansion is ceasing development of its green memory technology, dubbed EcoRAM. One customer for EcoRAM, Virident, believes Spansion will continue to develop the technology.

Spansion recently provided an update on its ongoing restructuring efforts that are aimed for the company to emerge from a Chapter 11 bankruptcy filing by the fourth quarter of this year.

In April, Spansion said it planned to pursue strategic alternatives for its wireless chip business. At the time, the company said it planned to continue to support its wireless customers. It did not elaborate, but some believe that the company was looking to sell the unit.

Recently, Spansion said it is not selling the entire wireless unit. However, that unit may have found a buyer in Elpida.