wbmw,
Re: Spansion IPO prices at $12 a share
Now 30% below expectations, but the real test will be where the share price heads in the following months. Usually, IPOs start with a fair amount of exuberance, so it's quite possible the price will fall lower going forward.
Don't discount the posibility that AMD/Fujitsu maybe buyers at this point to prop up the stock. AMD could be holders of 49% of Spansion and still achieve most of its goals.
IMHO