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Spreadtrum (SPRD -1.7%) trades lower after receiving a downgrade to Neutral from Chardan...

Spreadtrum (SPRD -1.7%) trades lower after receiving a downgrade to Neutral from Chardan Capital; the firm cites power amplifier shortages (presumably for TD-SCDMA 3G devices) and growing competitive pressures. Power amplifier vendor RF Micro Devices (RFMD -2%), which has decent Chinese exposure, is also lower. It was only a week ago that Avian issued a bullish note on Spreadtrum that touted the chipmaker's design win activity.
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