Right now, the combined Spansion-Cypress executive staff of Newco is working on a daily basis
to integrate the two companies. We are also working very hard on a combined annual plan that
will achieve our shareholders’ expectation for Newco’s financial performance. That expectation
has many components–including new products, manufacturing cost reductions, etc.–but boils
down for investors to the achievement $1.50 in earnings per share within the first three years of
the integration vs. the $0.46 the companies would have achieved together in 2014, had the
merger been effective then. In current Spansion share price terms, that expectation equates to
an EPS of $3.00 per share–a significant but very achievable goal for us.
There is an extraordinarily bright future for Cypress and Spansion. I could easily fill several
more pages with details about the power of the combined companies, but I believe it is more
important at this time to address the “elephant in the room,” the Reductions in Force (RIFs)
required to achieve Newco’s financial plan and achieve our objective to create a new company
Right now, the combined Spansion-Cypress executive staff of Newco is working on a daily basis
to integrate the two companies. We are also working very hard on a combined annual plan that
will achieve our shareholders’ expectation for Newco’s financial performance. That expectation
has many components–including new products, manufacturing cost reductions, etc.–but boils
down for investors to the achievement $1.50 in earnings per share within the first three years of
the integration vs. the $0.46 the companies would have achieved together in 2014, had the
merger been effective then. In current Spansion share price terms, that expectation equates to
an EPS of $3.00 per share–a significant but very achievable goal for us.
There is an extraordinarily bright future for Cypress and Spansion. I could easily fill several
more pages with details about the power of the combined companies, but I believe it is more
important at this time to address the “elephant in the room,” the Reductions in Force (RIFs)
required to achieve Newco’s financial plan and achieve our objective to create a new company
การแปล กรุณารอสักครู่..