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Stock Market & Financial Investment News

News Breaks
January 30, 2014
05:19 EDTCODESpansion responds to Macronix's statements, ITC case
Spansion responded to an announcement by the International Trade Commission that it would institute an investigation requested by Macronix. Ali Pourkeramati, senior vice president of Flash Memory Business at Spansion, said, "This decision is standard ITC procedure and is not related to the merits of this case. As the ITC stated in its own press release: 'by instituting this investigation (337-TA-909), the USITC has not yet made any decision on the merits of the case.' We believe that Macronix has requested this investigation without regard to its underlying merit as an attempt to counter our earlier case against Macronix at the ITC. The Macronix patents that have been asserted have questionable validity, lack domestic industry and are not infringed by Spansion products." With regard to a recent press release filed by Macronix, Pourkeramati said, "It is regrettable that Macronix has attempted to impugn Spansion's character through the press. Spansion adamantly denies all allegations in Macronix's press release. Our customers are aligned with us, and we are confident that the patent case will be resolved in Spansion's favor."
News For CODE From The Last 14 Days
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December 10, 2014
08:54 EDTCODECypress Semiconductor price target raised to $18 from $13 at Sterne Agee
Sterne Agee increased its price target on Cypress (CY) as the firm expects the company's merger with Spansion (CODE) to produce about $135M of synergies, with 50% of the synergies materializing in the first year. The firm keeps a Buy rating on Cypress.
December 8, 2014
10:20 EDTCODEOptions with decreasing implied volatility
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December 5, 2014
16:52 EDTCODEDow just below 18K as market finishes week with gains
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10:40 EDTCODEOptions with decreasing implied volatility
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10:00 EDTCODEOn The Fly: Analyst Downgrade Summary
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06:49 EDTCODESpansion downgraded to Neutral from Buy at Sterne Agee
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