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Note 9 - GAIN ON BANKRUPTCY CLAIM
3 Months Ended
Aug. 31, 2011
Notes to Financial Statements 
GAIN ON BANKRUPTCY CLAIM

Note 9 - Gain on bankruptcy claim

 

 Spansion, the Company’s largest customer in fiscal 2010 and 2011, filed for bankruptcy in Japan in February 2009 and in the United States in March 2009. The Company filed claims in the Spansion U.S. and Spansion Japan bankruptcy actions. In the first quarter of fiscal 2011, the Company's Japanese subsidiary received approximately $155,000 in proceeds from the Spansion Japan bankruptcy claim and recorded the amount as a reduction of operating expenses.