Oct. 20 at 12:44 PM
$PSNL What a great turnaround story this is!! Probably the best turnaround story I know of is
$AEHR: Things were going well for AEHR but they had massive exposure to a single customer: Spansion -which was spun out of AMD & Fujitsu. And they let Spansion purchase their FOX full-contact wafer testing equipment without actually paying for it. BIG MISTAKE!!! Then... Spansion files for bankruptcy and they are not only out the money which is never repaid but they are out the equipment too - each FOX system being worth several million dollars. So... the stock falls to about 40 cents and then recovers to about a buck but they are still losing lots of money as they try to rebuild. They get so desperate that management actually passes the hat around and collectively, they raise a million dollars just to keep the lights on. Long story short - things got better and the stock actually made it to over
$50/share at one time- now trades mid 20's.
