Spreadtrum (SPRD -3.1%), which tumbled yesterday due to the soft Q1 guidance (revenue of...

|About: Spreadtrum Communications, ... (SPRD)|By:, SA News Editor

Spreadtrum (SPRD -3.1%), which tumbled yesterday due to the soft Q1 guidance (revenue of $158M-$163M vs. $172.1M consensus) accompanying its Q4 beat, falls some more after JPMorgan and Chardan Capital downgrade shares to Neutral. Spreadtrum attributed its guidance to a seasonal drop in orders for its 3G TD-SCDMA chips (used by phones on CHL's network), but there might also be fears of strong competition from MRVL.