FOX Translator
No data currently available.
No data currently available.
Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Technology
Monday, August 04, 2008
Spansion Announces Plans to Support New OMTP Handset Security Requirements for Safer Mobile Transactions
Comtex
SUNNYVALE, Calif., Aug 04, 2008 /PRNewswire-FirstCall via COMTEX/ ----Spansion Inc. (Nasdaq: SPSN), the world's largest pure-play provider of Flash memory solutions, today announced plans to support Open Mobile Terminal Platform's (OMTP) newly released handset security standards that are designed to meet the growing demands for trusted mobile transactions and handling sensitive data.
"The pace of innovation in the world of portable and affordable consumer devices is creating strong demand from manufacturers for more secure storage memory," said Marco Roveda, vice president of Marketing in the Security and Advanced Technology Division (SATD) at Spansion. "Spansion's roadmap includes security solutions designed to meet the recently announced OMTP standards to bring added value to our customers."
The OMTP recommendations are published in "Advanced Trusted Environment" (TR1) (http://www.omtp.org/Publications.aspx), a new document focusing on security requirements that will enable new trusted services. TR1 presents security recommendations that will allow a device to provide better protection for new mobile payment solutions and trusted services, such as mobile TV.
"The new TR1 recommendations come at a time when analysts are predicting that mobile payments and banking will soar," said Tim Raby, Managing Director at OMTP. "By embracing the OMTP requirements, Spansion can provide much of the enhanced security network operators around the world are asking for, while creating greater confidence in and wider adoption of mobile payment services."
Spansion supports the OMTP recommendations and plans to have its security controllers undergo compliance efforts in 2009. Memory controllers take valid commands and allow memory to be written to, read from, or set into. A security controller adds another level of protection to the memory by allowing only authorized users access to specific data from the memory.
Supporting the new security standards will allow consumers to store and access their favorite personal data, pictures, music, audio-books and videos on a broad range of portable devices more securely.
About Spansion
Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. For more information, visit http://www.spansion.com.
About OMTP
OMTP is a forum funded by companies from across the mobile phone value chain, set up with the aim of gathering and driving mobile terminal requirements to ensure consistent and secure implementations, thereby reducing fragmentation and simplifying the customer experience of mobile data services across mobile terminals. OMTP is backed by many of the largest mobile operators and has members from hardware and software vendors across the value chain. OMTP recommendations benefit carriers, content providers, middleware vendors and handset manufacturers to develop open and compatible mobile devices. For more information, visit http://www.omtp.org.
Cautionary Statement
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Introduction of a new technology carries both technical and market acceptance risk. Investors are cautioned that the forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. The company urges investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Annual Report on Form 10-K for the fiscal year ended December 30, 2007. The company assumes no obligation to update any forward-looking statements or information included in this press release.
Spansion(R), the Spansion logo, MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), ORNAND2(TM), HD-SIM(TM), Spansion(R) EcoRAM(TM) and combinations thereof, are trademarks of Spansion LLC in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.
SOURCE Spansion Inc.
http://www.spansion.com
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
