Hah...
...so if things have gone to hell, and you have 30 days to either cut payroll or cease operations... the idea is that it's better to cease operations and have everyone lose their jobs, than to lay off enough people to keep going?
Nice.
Spansion gets Nasdaq delisting notice
Floundering flash mem giant Spansion has received a delisting notice from the Nasdaq stock exchange. The Sunnyvale, California-based company says the notice arrived in part because of its recent Chapter 11 bankruptcy filing. A joint venture of AMD and Fujitsu, Spansion is the world's third-largest flash maker. But its NOR flash …
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@David
Econ 101 says it depends on the circumstance. If you're bleeding money, but continuing operations can help stem the tide, then you keep running. If continuing to run actually makes you bleed more money than just going cold, then you shut operations. Either way, you're trying to cut your losses as you prepare to get out.
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