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Spreadtrum Communications, Inc. (SPRD)

- NASDAQ
SPRD is defunct.
  • Sep. 28, 2012, 2:04 PM
    Qualcomm (QCOM) will reportedly begin offering a reference design in Q1 for phones supporting China Mobile's 3G TD-SCDMA network, and potentially its budding 4G TD-LTE network. The reference design includes Qualcomm's MSM8930 Snapdragon processor (a cheaper alternative to the powerful MSM8960),  and should give Qualcomm a chance to take share in a TD-SCDMA baseband chip market dominated by Spreadtrum (SPRD), Marvell (MRVL), and MediaTek.
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  • Sep. 7, 2012, 2:37 PM
    European tech and telecom stocks carrying heavy debt loads are jumping today on optimism regarding the ECB's latest efforts to prop up Europe's bond markets. NOK +6.1%. ALU +4.5%. TI +7.8%. TEF +3.6%. Many Asian tech names are also posting solid gains, after the continent's stock markets rallied overnight in the wake of a new Chinese stimulus plan. YOKU +4.8%. SPRD +4.7%. SNE +3.6%.
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  • Aug. 27, 2012, 10:27 AM
    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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  • Aug. 22, 2012, 6:26 PM
    The Chinese mobile baseband chip market is getting crowded: Broadcom (BRCM) says it's is working to build relationships with Chinese smartphone OEMs, including fast-growing ZTE (ZTCOY.PK), and is developing chips for phones that run on China Mobile's TD-SCDMA 3G network. Broadcom's moves will put the company into more direct competition with Spreadtrum (SPRD) and MediaTek, and open up a new area of competition with Qualcomm (QCOM) and Marvell (MRVL). (previous)
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  • Aug. 20, 2012, 12:57 PM
    Spreadtrum's (SPRD) chips have been designed into 70% of the TD-SCDMA 3G phones launched thus far in 2H, claims Avian. Last week, Marvell (MRVL) suggested on its FQ2 earnings call it was losing TD-SCDMA baseband chip share, but didn't say to whom.
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  • Aug. 17, 2012, 10:21 AM
    Marvell's (MRVL -15.6%) FQ2 miss isn't sitting well with Cowen: the firm thinks management should have warned, and argues investors should wait for business to stabilize before buying. During its earnings call, Marvell partly blamed "increased competition" in the market for TD-SCDMA baseband chips (used in phones running on China Mobile's 3G network) for its miss - Marvell's main competitors in this space are Spreadtrum, Qualcomm, and MediaTek. (FQ3 guidance)
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  • Aug. 10, 2012, 5:30 PM
    It's not just TSMC's (TSM) 28nm manufacturing capacity that's in short supply now: Digitimes reports capacity for prior-gen 40nm parts has also become tight, thanks to orders from Taiwan's MediaTek for chips used in Chinese smartphones. The report both drives home the impact Chinese smartphone sales are having on mobile chip demand, and suggests MediaTek is taking share from rival Spreadtrum (SPRD -11.7%), which just reported disappointing 3G chip sales.
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  • Aug. 10, 2012, 9:10 AM
    Premarket gainers: FIO +23%. JNS +18%. XIN +14%. BYI +7%. RIMM +6%.
    Losers: UBNT -39%. RNDY -22%. SPRD -13%. PIP -11%. ATRS -6%. CPST -6%. DK -5%.
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  • Aug. 9, 2012, 6:13 PM
    More on Spreadtrum's Q2: Q3 guidance is for revenue of $178M-$186M, compared with a $184.8M consensus. That appears to be disappointing investors, and is overshadowing the Q2 beat. Also, Q2 sales of 3G baseband and RF chips fell 28% Q/Q (albeit while rising 23% Y/Y). Given how Chinese 3G phone sales are taking off, that could be sparking fears of share loss to MediaTek and/or QCOM. Sales of 2G/2.5G chips rose 32% Q/Q, but ASPs fell 9.5%. SPRD -10.6% AH. (PR)
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  • Aug. 9, 2012, 4:27 PM
    Spreadtrum Communications (SPRD): Q2 EPS of $0.58 beats by $0.13. Revenue of $173M (+8.1% Y/Y) beats by $2M. (PR)
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  • Aug. 9, 2012, 12:10 AM
    Notable earnings after Thursday’s close: AGO, ARNA, CFN, DAR, DNN, DV, EVEP, FIO, JWN, LGF, MDVN, NVDA, PSEC, RNDY, SLW, SPRD
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  • Aug. 8, 2012, 5:35 PM
    Notable earnings after Thursday’s close: AGO, ARNA, CFN, DAR, DNN, DV, EVEP, FIO, JWN, LGF, MDVN, NVDA, PSEC, RNDY, SLW, SPRD
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  • Aug. 4, 2012, 5:11 PM
    China made up 27% of Q2 smartphone sales (the slowing U.S. was at 16%), says Canalys, with its 199% Y/Y growth far outpacing the 24% seen elsewhere. Samsung (SSNLF.PK) and Apple (AAPL) are doing well in China, though the iPhone's high price makes it dependent on wealthier (and perhaps slower-growing) coastal provinces. But NOK and others are having trouble competing with local vendors. Chipmakers SPRD, MRVL, and QCOM have decent Chinese exposure. (Q1 data)
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  • Jul. 26, 2012, 10:07 AM
    Spreadtrum (SPRD +9.7%) rallies on an upgrade to Overweight from Morgan Stanley., which is now more confident about the chipmaker's feature phone and smartphone sales. MS is lifting its 2013 revenue forecast to $842.1M from $787.5M, and its EPS forecast for the year is 20% above a Bloomberg consensus of $2.23. It was reported recently that Spreadtrum is scoring new TD-SCDMA 3G design wins with Samsung.
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  • Jul. 23, 2012, 11:22 AM
    Spreadtrum (SPRD +3.5%) rallies following a report claiming it has secured a number of design wins for Samsung TD-SCDMA 3G phones that will be sold by China Mobile. Digitimes adds the design wins have come at the expense of archrival MediaTek, and that Spreadtrum has a lead on MediaTek in developing quad-core processors and 4G baseband chips. Marvell (MRVL) is also a major rival in the TD-SCDMA market. The report comes as Spreadtrum announces a design win for a Huawei phone.
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  • Jun. 25, 2012, 1:40 PM
    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.
    | 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