Spansion Inc. (NYSE: CODE) and Spansion Japan Settle Claims

Spansion Inc. (NYSE: CODE) and Spansion Japan Settle Claims

Spansion Inc. (NYSE: CODE) announced today that the claims agent appointed to resolve certain pre-bankruptcy claims has entered into an agreement with Spansion Japan, a former subsidiary of Spansion Inc., to settle all claims asserted by and between Spansion Japan and the chapter 11 estates of Spansion Inc. and its related debtors.

Spansion Japan had asserted a claim for approximately $936 million related to damages allegedly incurred as a result of Spansion’s rejection of its foundry agreement with Spansion Japan. The claims agent has been engaged in litigation with Spansion Japan over the amount of damages sustained by Spansion Japan.

As part of the agreement, Citi, which is not a party to this litigation, will purchase the rejection damages claim from Spansion Japan for $100 million in cash.  In separate transactions, the claims agent will agree to allow the rejection damages claim held by Citi in the amount of $200 million, and Spansion LLC, a subsidiary of Spansion Inc., will purchase 85 percent of the allowed claim from Citi for $85 million in cash. These transactions will become effective upon final approval of the settlement agreement by the U.S. bankruptcy court and the Tokyo District Court, which is handling Spansion Japan’s corporate reorganization proceeding in Japan.  The benefit to Spansion will depend upon the total size of the claim pool ultimately determined in the company’s chapter 11 cases and the company’s stock price.  However, the company believes the transaction will likely be accretive to its EPS.

“We believe this transaction will benefit all of Spansion’s stockholders,” said John Kispert, president and CEO of Spansion Inc.  “The settlement provides an opportunity to retire some shares at an attractive price and eliminate a potentially large selling stockholder.”

Teradata Corp. (NYSE: TDC)Enters into New Enterprise With Bank of Tianjin

Teradata Corp. (NYSE: TDC)Enters into New Enterprise With Bank of Tianjin

Leading the Chinese financial services market, the Bank of Tianjin has selected the Teradata Active Enterprise Data Warehouse as the foundation for its enterprise-wide real-time business intelligence system. Teradata Corporation (NYSE: TDC) will help the bank provide real-time analytics to support operational and strategic decision-making.

A project manager at the Bank of Tianjin said, “Teradata is highly-regarded in China for its first-class products and its professional service. We are confident that the bank will significantly strengthen its business management with the deployment of enterprise data warehouse that can grow as the bank grows.”

The Bank of Tianjin bank needed better, faster answers to its business questions, which the legacy reporting systems couldn’t support. In addition, the legacy system couldn’t manage the unprecedented growth of data from its operations. The bank decided to build an enterprise data warehouse to overcome the challenges of data stored in disparate databases, reports with inconsistent statistical indicators, poor quality data, data duplication and the waste of information technology resources. The bank will deploy five major applications to run in the data warehouse: customer relationship management, performance management, risk management, financial management, and information management

“Deployment of an enterprise data warehouse requires the close working relationship between the vendor and the customer. Teradata has a long and successful history of becoming a solid partner for success,” said Aaron Hsin, vice president, Teradata Greater China. “We are committed to helping the bank achieve their business objectives and appreciate the Bank of Tianjin’s management team and their attention to the project.”

About Bank of Tianjin

The Bank of Tianjin was founded in 1996 and has 192 business offices. In 2006, the Bank of Tianjin partnered with ANZ, and established branches in Binhai, Beijing, Tangshan, Shanghai and Jinan successively. The Bank of Tianjin also invested and founded Rural Bank of Jixian. At the end of June 2010, the Bank of Tianjin had 172.3 billion RMB total assets, 146.3 billion RMB of deposits and 71.7 billion RMB of loans. The Bank of Tianjin ranks 463 of the latest The Banker Top 1000 World banks released by the Xinhua News Agency.

About Teradata

Teradata Corporation (NYSE: TDC) is the world’s largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics.   Visit Teradata on the web at

Teradata is a registered trademark of Teradata Corporation in the United States and other countries.

Costa Rica Residential Community Closer to Completion

Costa Rica Residential Community Closer to Completion-Image via Wikipedia

Hacienda Matapalo, the most sought after gated community on Costa Rica’s South Pacific Coast with more than $60 million in pre-construction sales, announced today they have awarded the contract for the infrastructure construction on their property.

“Today’s announcement marks a significant milestone in our progress and moves us one step closer to fulfilling our vision of creating and delivering the absolute best residential community in Costa Rica,” said Hacienda Matapalo Chief Executive Officer David Matluck.

The agreement – with one of Costa Rica’s largest and most respected builders – calls for the completion of Hacienda Matapalo’s grand entrance and the continuation of the infrastructure which connects the more than a square mile of forest, streams and mountains which are part of the 655 acre master planned, gated community.

Scheduled to recommence in November as the seasonal rains subside, the infrastructure construction phase will include: the entire water treatment facility, water delivery systems, electricity delivery systems, 11 kilometers of road and the lakes that add to the community’s beauty and serenity.

Once the roads and utilities are in place, owners will be able to take formal ownership of their home sites and begin building the home of their dreams.

“The pre-construction success we’ve experienced emphasizes people’s desire to live and invest in a place of casual elegance surrounded by picturesque natural beauty,” Matluck explained. “Being able to offer ownership at pre-construction pricing has kept the project affordable and along with our location has made Hacienda Matapalo the most desired development in Costa Rica.”

Hacienda Matapalo Executive Vice President Brian Albury, who has been at the forefront of the many architectural aspects of the project, said the breathtaking residential community boasts “an unrivaled collection of thoughtfully designed single-family homes and condominiums.” The homes and condos are available with tropical / rainforest views, mountain views and “some of the most breathtaking ocean views in all of Costa Rica!”

“The comforting sounds of the breaking Pacific Ocean can be heard from even the first ridge of the property and all the way up and throughout the 665 acres,” he said, trying to describe the experience. “The calls of exotic birds, decorated frogs and countless other incredible species that live in and around Hacienda Matapalo’s 200-plus acres of private preserve and surrounding sanctuaries are also part of the intimate relationship with the natural environment.”

Residents at Hacienda Matapalo will enjoy a resort-like lifestyle including a private beach club, equestrian center, community center and clubhouse featuring several winding and flowing infinity edge pools, tennis and basketball courts, multiple picnic and gathering areas and a fabulous playground. The natural wonders of Hacienda Matapalo include abundant waterfalls, bustling streams, lush forests, majestic mountains, tranquil lakes and access to 26 miles of virgin beach that was recently named the second-most eco-friendly beach in the world by CNN Travel and Mother Nature News.

In addition to the extraordinary lifestyle, residents will also benefit from many conveniences including gated security, rental and management services, concierge and maid services and a small retail center to support the community’s grocery, restaurant, medical, and other basic necessities and conveniences.

The grand entrance is the doorway to Hacienda Matapalo and it’s only fitting that it includes lush landscaping and water features that reflect the feel of the community and its proximity to the Pacific Ocean.

“Developing in a sustainable and ‘Green’ minded manner is and has been at the forefront in the design, engineering and planning of Hacienda Matapalo,” said Albury. “Environmentally sensitive designs have been a consideration from the beginning and continue to improve as our team works closely with our architect, engineers and biologists.”

Albury explained that the condos and homes have been designed to “blend with nature” and the use of native materials will “enhance the Hacienda Matapalo experience.” The architecture is reflective of a Polynesian style and is designed by the renowned architect, Miguel Wong.

The community’s close proximity to Manuel Antonio National Park, one of Costa Rica’s prized sanctuaries, is just another reason why buyers have chosen Hacienda Matapalo. Owners will also enjoy some of the world’s best fishing, surfing, diving and zip-lining. The recent completion of the new Pacific Coast Highway and the Autopistas del Sol Pacific Highway have made the drive from the International Airport in San Jose to Hacienda Matapalo a short and pleasant commute.

Additionally, the new full service Marina Pez Vela is now open and already home to an impressive fleet of vessels. And the new 80,000 square foot state-of-the-art Hospital de Osa is open, conveniently located just a short drive down the coast from Hacienda Matapalo.

With Hacienda Matapalo reaching its pre-construction sales goal in record time – which is quite a statement in today’s real estate and finance environment – they will soon be releasing an updated pricing schedule that will coincide with the resumption of the infrastructure construction.

Pegasus Star Limitada, the Costa Rican developer with American partners, has systematically and strategically built a team of professionals from amongst the most elite the country has to offer. No doubt, Hacienda Matapalo will be a Costa Rican landmark known throughout the country and the world.

To learn more about Hacienda Matapalo, visit their Web site at Offers Funds for Real Estate Investing Offers Funds for Real Estate Investing-Image by TW Collins via Flickr

In today’s ”bank less” age where banks are not lending and many private individuals are lost knowing where to place their money for safe returns on their invested dollar the need for Private Equity Lending became very apparent., LLC was created to bridge the gap between individuals and entities that have identified great real estate opportunities yet lack the capital to see the projects through to completion., LLC bridges the gap between those who need money for their real estate investments and development opportunities with those who have funds and would like to earn a higher return then they are currently experiencing.

The average investor who places their funds into a identified opportunity can earn average annualized yields between 6 and 9%. Most loans are less than 12 months in length and monthly debt service is required by those that are borrowing these funds. This allows the investors who put up the capital to experience “Monthly” cash flow on their investment knowing that their money is secured against real property in a first deed of trust position.

Those investors worried about a continued devaluation in the real estate market need not worry as all loans require 35% cash down on the initial purchase price from the borrower. This means that the investor’s cash will only be 65% of the total purchase price of the property., LLC places funds in all 50 states and is backed by over 50 years of real world private money lending experience. All of the due diligence, title, documentation and servicing of these loans is managed by, LLC.

Any investor looking to earn more than what they are currently receiving from their 401k, retirement account, self directed IRA, stock or other investment portfolio is encouraged to call 800-473-6051 for a private consultation. Anyone interested in borrowing funds from, LLC is encouraged to visit our landing page at We look forward to working with you. For any and all questions please contact the President Lee Arnold at 800-473-6051.

Real Estate Prices in Washington, D.C. Rise 9.1%

Real Estate Prices in Washington, D.C. Rise 9.1%

Real Estate Prices in Washington, D.C. Rise 9.1%-Image by casey.huggins via Flickr

In her September 2010 housing market update, Evers & Co. Real Estate President Donna Evers reports for the close-in Washington, D.C. region a 9.1 percent increase in average price in comparison to the same month last year.

“The D.C. area appears to be one of the bright spots for home sellers across the country in terms of price, with September marking the 10th month in a row with an increase in average price,” Evers noted. “The dollar volume of sales, however, is down for the third consecutive month, indicating that we’re still suffering a letdown from the spring market that was inflated by the First Time Homebuyers Tax Credit.”

The months’ supply of inventory is up to 5.1 months, marking the highest inventory of 2010.

“While rising prices are a positive reaction to the big spring market, if inventory continues to grow, prices could also retreat,” said Evers. “On the other hand, with our strong local economy, record low mortgage interest rates and, most recently, an improving stock market, we should see a boost in consumer confidence, which could lead to stronger sales, lower inventory and continued price gains–a scenario which should develop, if not this fall, then certainly in early spring.”

*Statistics are taken from the Metropolitan Information System for three areas: Washington, D.C., Montgomery Country, Maryland; and Fairfax County, Arlington, Alexandria and Falls Church in Virginia.

About Evers & Co.
Founded in 1985 by Donna Evers, Evers & Co. Real Estate maintains its success through a strong referral base and agents who enjoy a premier reputation for their expertise and in-depth knowledge of Washington Metro Area homes and neighborhoods. Evers & Co. is home to 80 licensed real estate professionals with decades of combined experience, who enjoy access to a first-of-its-kind Agent Resource Center. The agency is the largest woman-owned and-operated residential real estate firm in the area and a member of Unique Homes Affiliate Network, Who’s Who in Luxury Real Estate and FIABCI, the largest international real estate organization in the world. In addition, the agency has an alliance with My Home In Paris, a residential real estate firm in Paris, France.

Web Equity Offers Advanced Tools for Loan Solutions

Web Equity Offers Advanced Tools for Loan Solutions

Web Equity Offers Advanced Tools for Loan Solutions-Image via CrunchBase

WebEquity Solutions™ LLC (WebEquity), announced today that it has enhanced its Risk Management Dashboard tool, the industry’s first lending solution for pre- and post-approval loan stress testing on a single technology platform. The WebEquity Risk Management Dashboard features significantly expanded reporting and analysis capabilities that help lenders to uniformly identify and stress what factors will most impact the risk make up of their complex credit portfolios. By providing institutions with even greater visibility into their portfolios and the ability to easily isolate the loans that are in potential trouble, the tool gives lenders valuable insight they need to take proactive steps to manage and mitigate risk through the life of their loans.

Specifically designed for C-level management and board members, the WebEquity Risk Management Dashboard is integrated with the Company’s on-demand credit analysis and loan origination solution. With this single system of record, lenders can obtain a consolidated view of their portfolio, assess risk concentrations, perform sensitivity analysis and stress test their commercial & industrial (C&I), commercial real estate (CRE), agricultural (Ag), construction and small business loans.

“The new enhancements to the Risk Management Dashboard have made our most critical board-level portfolio reporting and analysis as simple as a one click process,” Craig Merrihew, AVP, Credit Analyst, McCook National Bank. “The tool’s flexible reporting capabilities are particularly valuable during our renewal season when we analyze key factors by loan officer such as pricing, risk ratings and loan volume. This information is imperative in assessing how individuals impact our productivity, profitability and overall portfolio risk.”

The WebEquity Risk Management Dashboard features enhancements to portfolio reporting and analysis in the following key areas.

  • Stress Testing. WebEquity has considerably expanded the number of factors that lenders can use to drive their risk assessments—adding hundreds of options for stress testing that enable a much more granular level of analysis. Lenders can now shock loans by risk ratings, repayment capacity, loan to collateral and by more than 17 different financial ratios. In addition, there are a multitude of new options for stressing a borrower’s income statement or balance sheet accounts (i.e. rents, operating expenses, receivables, etc.).
  • Sensitivity Analysis. Advanced capabilities give institutions greater flexibility in their sensitivity analyses. They now have the ability to stress segments of individual loans, specific segments of their portfolios and their entire portfolios to determine the percentage change before debt servicing is depleted. Lenders can run sensitivity tests based on their unique business focus – factoring in “what if” variables that are specific to their institution and type of borrowers – and input they receive from examiners.
  • Flexible Configuration Capabilities. WebEquity has also made usability and efficiency enhancements that enable lenders to adapt risk analysis to their institutions’ unique business needs. The Dashboard enables lenders to specify how they want to analyze their portfolios and identify what segments and factors they need to monitor on a regular basis. They now have a greater depth of flexibility around how to analyze loan data, all facilitated by easy drop down options that are intuitive to end users. These new capabilities allow lenders to focus on the loans they really need to track closely based on specific criteria, save that criteria and create watch lists for these most sensitive areas of their portfolio (i.e. loan purpose, risk concentration and bank demographics).

“It is crucial that lenders have full visibility into the risk that lies across their loan portfolios – at macro and micro levels – to prudently manage that risk and meet examiners’ heightened expectations of data transparency,” said Doug McGregor, CEO, WebEquity Solutions. “The enhancements we’ve made to the Risk Management Dashboard are giving lenders an unprecedented ability to stress test loans, from origination through payoff, and take a proactive approach to credit risk management that will help them drive more profitable loan businesses.”

About WebEquity Solutions

WebEquity™ is the proven leader in on-demand lending software. More than 650 financial institutions and 10,000 lending professionals use WebEquity to automate and streamline their lending process and reduce operational costs, while making more uniform and profitable credit decisions. The company offers financial institutions a distinct advantage with a single solution that works for all loan types, an on-demand model that provides centralized, anywhere access, and the flexibility to configure the system so it fits their lending practices. WebEquity serves institutions in the U.S., Canada and Australia.

Boomers Retiring to Delaware- New Details

Boomers Retiring to Delaware- New Details

Boomers Retiring to Delaware- New Details-Image via Wikipedia

Delaware has long been a nearby holiday destination. With property and income tax rates in New York, New Jersey and Northern VA among the highest in the nation, many people can’t afford to stay in their homes after they retire. Delaware is a good alternative. The retiree exodus forced by escalating property carrying costs in the Mid-Atlantic and Northeast US will grow even bigger.

While North and South Carolina are the most searched states of interest on (a retiree and relocation resource), by visitors, a surprising addition has made it into the top 5. Delaware, a longtime summer retreat, playground for weekenders from DC, Philly, New York and New Jersey, is becoming a popular retiree destination. analytics during it’s “peak” season April 1st – October 1st, 2010 revealed that nearly 250,000 unique visitors, chose a community within the following states (in order) as the top 5 when beginning their search.

1.    North Carolina     (7,527 views)
2.    South Carolina     (5,181 views)
3.    Florida        (3,961 views)
4.    Tennessee        (3,688 views)
5.    Delaware        (2,370 views)

Retirees typically move south for a lower cost of living and warmer winter weather based on site rankings and migration trends. However, as with Florida and Tennessee, Delaware, the new number 5, has no state income tax, lower property costs and taxes which is why some are choosing to stay north.

Dave Roberston, Ideal Living Magazine editor, past Chair and BOD Member of the American Association of Retirement Communities ( says, “Delaware has long been a nearby holiday destination. With property and income tax rates in New York, New Jersey and Northern VA among the highest in the nation, many people can’t afford to stay in their homes after they retire. Delaware is good alternative. The retiree exodus forced by escalating property carrying costs in the Mid-Atlantic and Northeast US will grow even bigger.”

For more information and a complete list of analytics, contact Lee W. Hauser, Jr. leeh(at)livesouth(dot)com or 800.736.0321 ext. 1024

RPI Media, Inc, Live South and Ideal Living Magazine connect planned communities with prospective buyers and provides comprehensive resources for finding and comparing; golf, gated, waterfront, mountain, retirement, condominium and multi-family communities, through publications, real estate shows, and websites.

401K’s Eating 39% of Investors Returns

401K's Eating 39% of Investors Returns

401K's Eating 39% of Investors Returns-Cover via Amazon

What wage-earners have yet to comprehend is that many of the personal retirement accounts they are paying into annually at work will – regardless of how the markets perform over the coming decades – stealthfully bleed each employee of tens of thousands, even hundreds of thousands of dollars that could remain theirs.

More than 15 million Americans are unwittingly allowing others to feed off their retirement savings. That is what bestselling author Pamela Yellen and investigative journalist Dean Rotbart conclude in a new expose’ that reveals the scary financial surprises buried in many 401(k) plans.

Yellen is author of the New York Times Bestseller BANK ON YOURSELF: The Life-Changing Secret to Growing and Protecting Your Financial Future; Rotbart is a Pulitzer Prize-nominated investigative reporter and editor. They just completed a year-long investigation that determined that annual fees for managing 401(k) investments can eat up nearly 39 percent of an investor’s entire life-long savings.

Yellen and Rotbart explain how a typical 30-year-old worker stands to forfeit $64,000 or more in realized savings by age 65 simply by allowing a plan administrator to choose a fund with annual fees of 1.5 percent versus .5 percent. All this is happening with the approval of Washington. In 2006, as part of the Pension Protection Act, Congress approved legislation that shields companies and their 401(k) administrators from liability, if they make certain types of mutual funds the default investment. But these funds are costly, complex and risky.

“What wage-earners have yet to comprehend is that many of the personal retirement accounts they are paying into annually at work will – regardless of how the markets perform over the coming decades – stealthfully bleed each employee of tens of thousands, even hundreds of thousands of dollars that could remain theirs,” Yellen and Rotbart state in the article.

The authors reveal why the typical 401(k) investor may need to average an 8-10 percent annual return – just to preserve his or her principal. Read the article here:

About the Authors:

New York Times bestselling author Pamela Yellen is the originator of the life-changing Bank On Yourself system and related personal finance strategies. Pamela has worked as a consultant to successful financial advisors for more than two decades. Learn more at

Pulitzer Prize-nominated investigative reporter Dean Rotbart has reported on business and financial topics since 1979. His editorial and research clients include numerous Fortune 500 companies and leading communications agencies. Learn more at

Media Contact for Pamela Yellen:
Michelle Tennant Nicholson
Wasabi Publicity, Inc.

Cyber Hackers Focusing on Small Businesses

Cyber Hackers Focusing on Small Businesses

Cyber Hackers Focusing on Small Businesses-Image by Mikey G Ottawa via Flickr

Hackers and cyber criminals are now focusing more of their unwanted attention on less secure small businesses. Therefore, it is important that each small business appropriately secure their information, systems and networks.

Coinciding with National Cyber Security Awareness Month, experts will show small business owners how they can protect their most precious online-based assets and customer data from viruses, malware and cyber attacks, in a complimentary webcast, Oct. 28 at 2 p.m. ET.

According to President Obama, “cyber security is one of the most serious economic and national security challenges we face as a nation.” However, according to a study commissioned by the National Cyber Security Alliance, only 28 percent of small businesses have a formal Internet security policy in place, which is alarming given the study also found that 59 percent of small businesses depend on the Internet for day-to-day operations.

This webcast, supported by Bloomberg Television, is just one of a number of resources offered by Solutions for Small Business (SFSB) – a coalition of Americas top cable companies. It will educate business owners on cyber security awareness, and provide tangible, relatively easy and cost-effective steps they can take now to protect themselves. Interested parties may register for the webcast at

Bloomberg Television anchor Monica Bertran will moderate this interactive discussion, which includes small business experts, Rich Kissel, senior information security analyst, National Institute of Standards & Technology, who conducts information security workshops for small businesses nationwide; Larry Godfrey, sales engineer, Heartland Payment Systems, who directs a program to protect payment card holder and account information at one of the nation’s largest payment processors; and John Marshall, small business owner of Main Street Fine Foods, who handles customer data and transactions on a daily basis. Participants can present questions to Bertran and her guests during this live discussion.

Kissel will share ten crucial cyber security steps that small business owners must implement immediately in order to ensure peace of mind and business continuity. According to Kissel, “hackers and cyber criminals are now focusing more of their unwanted attention on less secure small businesses. Therefore, it is important that each small business appropriately secure their information, systems and networks.”

The SFSB cable initiative includes a library of resources available on the Web site, from case studies to the SFSB Report Series and podcasts, all of which delve more deeply into webcast topics. Also offered are archived copies of past SFSB webcasts, originally presented in late 2009 in early 2010.

More specifically, complementing the October webcast is a SFSB Report, entitled ”Cyber Security Strategies for the Small Business Market” and a vendor report that describes the myriad security solutions available to small businesses.

Real Estate Appraisers Get Help from Federal Reserve

Real Estate Appraisers Get Help from Federal Reserve

Real Estate Appraisers Get Help from Federal Reserve-Image by Getty Images via @daylife

The Federal Reserve Board on Monday announced an interim final rule to ensure that real estate appraisers are free to use their independent professional judgment in assigning home values without influence or pressure from those with interests in the transactions. The rule also seeks to ensure that appraisers receive customary and reasonable payments for their services.

The interim final rule includes several provisions that protect the integrity of the appraisal process when a consumer’s home is securing the loan. The interim final rule:

*Prohibits coercion and other similar actions designed to cause appraisers to base the appraised value of properties on factors other than their independent judgment; *Prohibits appraisers and appraisal management companies hired by lenders from having financial or other interests in the properties or the credit transactions;

*Prohibits creditors from extending credit based on appraisals if they know beforehand of violations involving appraiser coercion or conflicts of interest, unless the creditors determine that the values of the properties are not materially misstated;

*Requires that creditors or settlement service providers that have information about appraiser misconduct file reports with the appropriate state licensing authorities; and

*Requires the payment of reasonable and customary compensation to appraisers who are not employees of the creditors or of the appraisal management companies hired by the creditors.
The interim final rule is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Compliance will be mandatory on April 1, 2011. Public comments are due 60 days after the interim final rule is published in the Federal Register, which is expected soon.

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