Rochester, NY 7/7/2009 1:38:15 AM
Mid Afternoon Report - SANM - Spansion Seeks Strengthing With Appointment of Randy Furr as CFO - Sourced WhisperFromWallStreet.com
Sanmina-SCI Corporation
Mid Afternoon Report - SANM - Spansion Seeks Strengthing With Appointment of Randy Furr as CFO - Sourced WhisperFromWallStreet.com
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Sanmina-SCI Corporation,SANM
0.4011 Down 0.0295 (6.85%) 2:22PM ET
Spansion Inc., the world's largest pure-play provider of Flash memory solutions, today announced the appointment of high- technology finance veteran Randy Furr as executive vice president and chief financial officer (CFO). With 30-years experience in the technology sector and as an experienced financial and operations executive, Furr further strengthens Spansion's leadership team and is expected to significantly contribute to the company's financial restructuring and long-term profitability and success.
"Randy brings a wealth of experience as a successful CFO along with a deep understanding of operations and a track record of managing companies through restructuring and growth periods," said John Kispert, president and CEO of Spansion. "With the addition of Randy Furr, we have strengthened our management team with an accomplished executive who will help guide Spansion through our restructuring process and provide the financial discipline necessary for Spansion to successfully pursue its new business strategy focused on the embedded solutions market and IP licensing."
Last Trade: 0.4001
Day's Range: 0.40 - 0.44
52wk Range: 10.18 - 2.66
Volume: 2,233,684
ABOUT
Sanmina-SCI Corporation provides integrated electronics manufacturing services worldwide. It offers various services, including product design and engineering, comprising initial development, detailed design, preproduction services, and manufacturing design; volume manufacturing of components, subassemblies, and complete systems; final system assembly and test; direct order fulfillment and logistic services; and after-market product service and support. The company manufactures various system components and subassemblies consisting of printed circuit boards, printed circuit board assemblies, backplanes and backplane assemblies...
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