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Spreadtrum Communications, Inc. (SPRD)

- NASDAQ
SPRD is defunct.
  • Jun. 21, 2013, 9:10 AM
    Premarket gainers: SPRD +22%. NVGN +12%. KMX +8%. THRX +7%. MTL +7%.
    Losers: IDIX -35%. ORCL -8%. AHT -5%.
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  • Jun. 21, 2013, 7:12 AM
    Spreadtrum Communications (SPRD) announces receipt of a non-binding $28.50/share cash acquisition offer from Tsinghua Holdings. Shares +7.6% premarket to $23.98. Kudos to SA Pro's Ashraf Eassa who just two weeks ago - with the stock under $20 - said he saw 55% upside in the shares. (PR)
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  • Jun. 13, 2013, 6:05 PM
    "We believe affordable smartphone solutions supplied by Spreadtrum (SPRD +10.6%) and other competitors have resulted in extremely strong smartphone sales growth trends in tier-3 to tier-6 cities in China," says Canaccord's Mike Walkley, who upgraded Spreadtrum to Buy in response to its Q2 guidance hike. Unsubsidized prices for low-end Chinese Android phones have tumbled to the $100 range, and while the country's smartphone penetration rate has soared over the last year, it's still well below 50%. Walkley now sees Spreadtrum producing 2014 EPS of $3.24, up from a prior $2.71.
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  • Jun. 13, 2013, 9:11 AM
    Premarket gainers: BLC +27%. GCI +27%. SWY +21%. SPRD +17%. MY +11%. PVH +9%. TVL +8%.
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  • Jun. 12, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: SWY +30%. SPRD +25%. PVH +7%. PSMI +6%. SVU +6%.
    After-hours top losers: SIGM -8%. QCOR -7%. SQNM -5%. ECYT -3%. VLCCF -3%.
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  • Jun. 12, 2013, 4:52 PM
    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%.
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  • Jun. 12, 2013, 4:32 PM
    Spreadtrum (SPRD) raises its Q2 revenue guidance range to $270M-$278M, well above a prior range of $220M-$228M and a $224.1M consensus. The Chinese baseband chipmaker cites "continuing strong demand throughout the quarter for low-cost smartphones" in China and other emerging markets, and says it's "also benefiting from the continuing expansion of our smartphone portfolio." Those were a couple of the positive catalysts SA Pro contributor Ashraf Eassa recently mentioned in a bullish write-up. Shares are halted. Marvell (MRVL), which competes with Spreadtrum in the TD-SCDMA 3G baseband space, is up 1.8% AH.
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  • Jun. 10, 2013, 12:10 PM
    Spreadtrum (SPRD +3.4%) rallies after SA Pro contributor Ashraf Eassa argues the Chinese baseband chipmaker will benefit from surging low-end smartphone demand. Among his points: Spreadtrum's entry into the W-CDMA 3G baseband space greatly increases its addressable market; a mix shift towards chips with 3G/4G connectivity and more processing power will lead to higher ASPs; and sales of TD-SCDMA 3G chips (used in phones on China Mobile's 3G network) will grow rapidly even if some share is lost (Qualcomm and MediaTek are ramping their efforts here).
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  • May. 31, 2013, 6:26 PM
    Qualcomm (QCOM) held a 97% share of the 4G LTE baseband chip market in Q1, estimates Strategy Analytics. Chalk that up to heavy R&D spend and a big head-start in developing chips with support for both multi-mode (2G/3G/4G) operation and a wide variety of frequency bands. That number is likely to fall going forward as offerings from Nvidia, Broadcom, and Intel arrive, but Qualcomm isn't standing still either. SA also estimates Qualcomm, aided by its Snapdragon baseband/app processor line, had a 59% share of the broader baseband market, up from 52% in 2012. That dwarfs #2 Intel's (INTC) 12% share and #3 MediaTek's 10%. ST-Ericsson and Spreadtrum (SPRD) rounded out the top-5.
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  • May. 30, 2013, 4:02 PM
    Chip stocks close with solid gains (SOXX +1.5%) after Avago beats April quarter estimates and makes encouraging comments about mobile, industrial, and enterprise networking demand. In addition to Avago's rivals and Cirrus Logic (previous), big winners include Fairchild (FCS +3.8%), SanDisk (SNDK +2.7%), Spreadtrum (SPRD +7.2%), and InvenSense (INVN +4.9%), as well as touchscreen controller suppliers Synaptics (SYNA +4.3%), Atmel (ATML +6.3%), and Cypress (CY +2.8%).
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  • May. 8, 2013, 6:12 PM
    Tech guidance roundup: 1) Millennial Media (MM - earnings) expects Q2 revenue of $58M-$60M, below a consensus of $60.8M. Expects 2013 revenue of $270M-$280M vs. a $275.3M consensus. 2) Spreadtrum (SPRD - earnings) expects Q2 revenue of $220M-$228M, above a $205M consensus. 3) sTec (STEC - earnings) expects Q2 revenue of $23M-$26M and EPS of -$0.41 to -$0.43 vs. a consensus of $25.2M and -$0.39. MM -2.7% AH. SPRD +2.7%. STEC unchanged. (Millennial PR) (Spreadtrum PR) (sTec PR)
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  • May. 8, 2013, 4:23 PM
    Spreadtrum Communications (SPRD): Q1 EPS of $0.50 beats by $0.09. Revenue of $189M (+17.3% Y/Y) beats by $4.58M. Shares +5.5% AH. (PR)
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  • May. 8, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX
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  • May. 7, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX
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  • May. 3, 2013, 11:55 AM
    Spreadtrum  (SPRD -5.1%) has a rough day ahead of its May 9 Q1 report thanks to a two-notch downgrade to Underperform from Japan's Daiwa Capital. The firm expects strong Q1 results and Q2 guidance, but sees a 2H pickup in dual-core TD-SCDMA 3G processor shipments (from MediaTek and Qualcomm?) translating into tougher competition. Shares are still up 17% YTD; they trade at 8.9x 2013E EPS. (CTO firing) (price cut report)
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  • Apr. 27, 2013, 11:42 AM
    More on Qualcomm: Digitimes reports Qualcomm and Spreadtrum (SPRD) have cut prices for Chinese quad-core chips due to competition from MediaTek; Qualcomm has reportedly cut prices below $10 (low by its standards). The report is noteworthy given Qualcomm's growing Chinese presence, and the fact its chip margins (along with chip/royalty mix) had much to do with its disappointing FQ3/FY13 EPS guidance. Thanks to heavy R&D spend and a mix shift to emerging markets, the chip unit's op. margin fell to 17% in FQ2 from the year-ago period's 20%, and is expected to stay at 17% in FQ3; aided by FQ1's 26% margin, FY13 guidance is still for 18.5%-20.5%.
    | 2 Comments
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Company Description
Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops and markets baseband processor solutions for the wireless communications market.
Sector: Technology
Country: China