Spansion to turn page on Chapter 11 in Q4
Spansion, the chipmaker hit by overcapacity and falling prices for Flash memory, could emerge from Chapter 11 bankruptcy protection in the fourth quarter.
The debt-ridden Silicon Valley company filed for protection from its creditors on March 1, but its latest quarterly results show restructuring left it with cash balances of $220m at the end of June, up from $95m in March. It reported $376m in quarterly sales. Read more
Heading for Silicon Gulch
If the daily bad news about semiconductors continues much longer, Silicon Valley may shrink to a gulch.
The headlines were unrelentingly dismal on Tuesday as the industry reeled from collapsing demand.
Consider these lowlights: Read more
| About this blog | Blog guide |
Richard Waters has headed the FT's San Francisco bureau since 2002 and covers Google and Microsoft, among other things. A former New York bureau chief for the FT, he is intrigued by Silicon Valley's unique financial and business culture, and is looking forward to covering his second Tech Bust.
Chris Nuttall has been online and messing around with computers for more than 20 years and since 2004 has reported from the FT's San Francisco bureau on semiconductors, video games, consumer electronics and all things interwebby.
Maija Palmer has been writing about technology for the FT since 1999 and is fascinated by cybercrime, privacy and all the other issues of the information society. Based in London, she covers European tech companies and hopes that they won't all get acquired by American rivals.
Robin Kwong is the FT's technology, media and telecoms page editor in London. Formerly he was the Taipei correspondent and wrote about the companies that manufacture the vast majority of the world's computers and gadgets. He is interested in the intricacies of the technology supply chain and how China is increasingly changing the tech landscape.
Tim Bradshaw is the FT's digital media correspondent, and has just moved from London to join our team in San Francisco. He has covered start-ups such as Twitter and Spotify, as well as the online ambitions of more established media companies, such as the BBC iPlayer. He also covers the advertising, marketing and video-game industries. Tim has been writing about technology, business and finance since 2003.
