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Spreadtrum Communications, Inc. (SPRD)

- NASDAQ
SPRD is defunct.
  • Apr. 25, 2013, 6:28 PM
    Spreadtrum (SPRD) -3.2% AH after announcing it has fired CTO Qiuzhen (Joe) Zhou, and stating it doesn't intend to field a replacement. No explanation is given for the firing, which comes ahead of the Chinese mobile baseband chipmaker's May 9 Q1 report. (PR)
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  • Apr. 3, 2013, 6:52 PM
    Qualcomm's (QCOM) reference designs could be doing wonders for its Chinese chip share: an exec says 40+ OEMs have commercialized 170+ devices (typically low-end smartphones) based on Qualcomm reference designs, and that over 90% of the OEMs are from China. Spreadtrum (SPRD) and MediaTek, who have their own reference design programs, are Qualcomm's main rivals here. Also: Susquehanna believes Galaxy S IV units sporting Snapdragon 600 processors (such as the U.S. version) will deliver 2x as much chip revenue to Qualcomm as iPhone units, to go with higher royalties. (previous)
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  • Mar. 22, 2013, 12:12 PM
    MediaTek is reportedly getting more aggressive about competing against Qualcomm (QCOM), Spreadtrum (SPRD), and Marvell (MRVL) on price: a Taiwanese paper reports MediaTek will cut prices for its mobile processors on April. The price of MediaTek's MT6589 quad-core 3G baseband/app processor, set to be used by 20 OEMs, will fall by $2 to $18. That arguably makes it competitive with Qualcomm's Snapdragon line in the battle for mid-range smartphone designs aimed at markets (such as China) where 4G support isn't needed. (previous)
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  • Mar. 22, 2013, 9:56 AM
    Bank of America upgrades Spreadtrum Communications (SPRD +2%) to Buy and raises price target to $30 from $18. The company declared a $0.10/share dividend earlier in the week. Previously: Another upgrade for Spreadtrum.
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  • Mar. 20, 2013, 10:00 AM
    Another day, another upgrade for Spreadtrum (SPRD +4.5%). Jefferies' Ken Hui, who is lifting shares to Buy, observes China Mobile's (CHL) strong TD-SCDMA 3G sub growth is increasing the market for Spreadtrum's baseband chips, and that prices have stabilized thanks to supply constraints. The firm now sees China Mobile posting 2013 TD-SCDMA net adds of 74.4M and phone shipments of 139M (+88%). Such growth is also a positive for Marvell (MRVL) and Qualcomm (QCOM). (Chardan Capital upgrade)
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  • Mar. 20, 2013, 9:07 AM
    Spreadtrum Communications, Inc (ADR) (SPRD) declares $0.10/share quarterly dividend. Forward yield 2.19%. For shareholders of record Apr. 10. Payable Apr. 25. Ex-div date Apr. 08. Shares +4% premarket. (PR)
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  • Mar. 19, 2013, 9:49 AM
    An upgrade to Buy from Chardan Capital sends Spreadtrum (SPRD +3.5%) higher. The upgrade comes shortly after chairman/CEO Leo Li told the EE Times Spreadtrum is a major beneficiary of China's low-end smartphone boom. Li touts the appeal of Spreadtrum's low-cost 1GHz., single-core, 2G and 3G baseband/app processors, and notes the company's efforts to develop 3G WCDMA and 4G TD-LTE processors. However, the site observes Spreadtrum is increasingly butting heads with MediaTek, which has a stronger mid-range smartphone position.
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  • Feb. 26, 2013, 9:49 AM
    More on Spreadtrum: Q1 guidance is for revenue of $180M-$186M, above a $171.6M consensus. Q4 gross margin was 37.2%, -20 bps Q/Q and -370 bps Y/Y. Opex +11% Y/Y, higher than revenue growth. Over half of Q4 revenue came from smartphone chip shipments. Dual-core 3G TD-SCDMA baseband/app processor (needed to compete against MediaTek and Qualcomm) expected to begin shipping in phones "in very near future." Company plans to roll out 3G W-CDMA and 4G LTE baseband chips (larger markets, but more competition) this year. SPRD +2.5%. (PR)
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  • Feb. 26, 2013, 9:10 AM
    Premarket gainers: CWH +28%. ALC +22%. ARWR +17%. AXTI +8%. SPRD +7%. AUXL +6%. DCTH +5%.
    Losers: TWI -10%. VVUS -7%. VSI -7%. EEQ -5%.
    | 1 Comment
  • Feb. 26, 2013, 6:03 AM
    Spreadtrum Communications (SPRD): Q4 EPS of $0.59 beats by $0.09. Revenue of $203.1M (+5.7% Y/Y) beats by $6.77M. (PR)
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  • Feb. 26, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR
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  • Feb. 25, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR
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  • Jan. 23, 2013, 12:22 PM
    China Mobile (CHL) says it sold over 60M TD-SCDMA 3G phones in 2012, and hopes to double that figure in 2013. Moreover, the world's biggest mobile carrier hopes 80% of those sales will involve smartphones, which are more likely to use ARPU-lifting data subscriptions. TD-SCDMA baseband chip vendors Spreadtrum (SPRD), Marvell (MRVL), and MediaTek must be pleased to hear those remarks. So might Qualcomm (QCOM), which recently announced baseband chips for CHL's network. (Apple talks)
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  • Jan. 11, 2013, 2:17 PM
    A day after TSMC (TSM -0.1%) reported healthy December sales, occasionally-accurate Digitimes writes "industry watchers" expect TSMC to report a 7%-11% Q/Q sales drop for seasonally weak Q1, a range largely below estimates. Top clients such as QCOM, BRCM, TXN, and NXPI have reportedly "started to slow down orders" due to inventory adjustments," and wafer starts for MediaTek and Spreadtrum (SPRD) are seen falling 10%-20%. It's worth noting the article follows multiple reports of iPhone chip order cuts - several TSMC clients are iPhone suppliers.
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  • Dec. 19, 2012, 5:56 PM
    China Unicom (CHU) added 3.25M users to its 3G network in November, increasing its total to over 73M. That's roughly even with the 3.2M added in October, and likely a sign of further 3G share gains. The fact CHU is the only Chinese carrier to use the widely-adopted W-CDMA 3G standard gives it an edge in phone selection. CHU has said it expects to sell 140M 3G phones next year - those sales benefit Qualcomm, which collects royalties on them (unlike with 2G-only phones). Bigger rival China Mobile (CHL) expects to sell 100M+ TD-SCDMA 3G phones in 2013.
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  • Dec. 18, 2012, 10:17 AM
    Spreadtrum (SPRD +5%) rallies after BofA/Merrill upgrades shares to Neutral. The firm has already changed its mind on the Chinese baseband chipmaker more than once this year.
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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