Seeking Alpha

Spreadtrum (SPRD) +24.3% AH after resuming trading in the wake of its big Q2 guidance hike....

Spreadtrum (SPRD) +24.3% AH after resuming trading in the wake of its big Q2 guidance hike. Mobile chipmakers with decent Chinese exposure are rallying in sympathy; in addition to the numbers, Spreadtrum's remarks about strong demand for low-end smartphones in China and other emerging markets are likely going over well. RFMD +2% AH. SWKS +3%. QCOM +0.5%.
Comments (5)
  • Nailed it.
    12 Jun 2013, 05:36 PM Reply Like
  • Congratulations, put it on my watch list after I read your article, but I was not aware they were going to announce earning.
    Anyway Great Call
    12 Jun 2013, 07:18 PM Reply Like
  • nice call
    12 Jun 2013, 11:58 PM Reply Like
  • fantastic call Ashraf, I bought the shares at 18.90 after reading your article on tuesday.
    13 Jun 2013, 06:10 AM Reply Like
  • Ashraf, what do you think of RFMD, another supplier with similar exposure? It's not a pure play on the low end market, since they have new design wins at Samsung and Apple, but it seems to fit the same thesis as Spreadturn.
    13 Jun 2013, 08:51 AM Reply Like
DJIA (DIA) S&P 500 (SPY)