Seeking Alpha

Spreadtrum (SPRD -5.4%) and Broadcom (BRCM -5.5%) underperform on an ugly day for chip stocks...

Spreadtrum (SPRD -5.4%) and Broadcom (BRCM -5.5%) underperform on an ugly day for chip stocks (SOXX -2.9%) after MediaTek agrees to buy fellow Taiwanese chipmaker MStar for $3.8B. MediaTek and Spreadtrum are fierce competitors in the Chinese mobile baseband chip market, and Broadcom competes with MediaTek in both the baseband and Wi-Fi/Bluetooth "combo chip" markets. MStar also sells plenty of mobile chips, and that could be heightening competitive concerns.
From other sites
Comments (2)
  • untrusting investor
    , contributor
    Comments (9964) | Send Message
     
    Would expect chip equities to fall much further yet.
    25 Jun 2012, 04:46 PM Reply Like
  • danber
    , contributor
    Comments (3) | Send Message
     
    this will stop mobiel chip price going down, so it's a good news for SPRD in fact
    25 Jun 2012, 11:50 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs