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Spreadtrum Communications, Inc. (SPRD)

- NASDAQ
SPRD is defunct.
  • May 29, 2012, 9:38 AM
    Spreadtrum (SPRD +9.8%) spikes higher after JPMorgan upgrades shares to Overweight in response to a report China Mobile (CHL) has placed orders for low-end 3G phones from four local vendors, and that all of the phones run on Spreadtrum's baseband chips. Spreadtrum has benefited from the rapid uptake seen for China Mobile's 3G TD-SCDMA network, though concerns have been aired about competition from Marvell, MediaTek, and Qualcomm.
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  • May 4, 2012, 2:20 PM
    BofA, which aired a bearish note on Spreadtrum (SPRD +15.9%) on April 17, is upgrading shares to Neutral as they take off due to a huge Q1 EPS beat and strong Q2 revenue guidance. Nonetheless, the firm says it remains cautious due to Spreadtrum's weak smartphone app processor position, limited EPS visibility, and rival MediaTek's technology edge, among other things.
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  • May 3, 2012, 6:25 PM
    Spreadtrum Communications (SPRD): Q1 EPS of $0.57 beats by $0.18. Revenue of $161.1M (+17.5% Y/Y) beats by $1M. EPS beat due to government subsidies and lower 3G R&D spending. Company expects Q2 revenue of $170M-$175M, above $165.5M consensus. SPRD +15.4% AH. (PR)
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  • Apr. 30, 2012, 6:27 PM
    Taiwan's MediaTek has hiked its 2012 smartphone chip goal to 75M units from a prior 50M. While that's partly a sign of soaring Chinese smartphone demand, it could also be one of tougher competition for Spreadtrum (SPRD -4.9%), whose competitive position has become the subject of analyst scrutiny. It could also present a challenge for Qualcomm (QCOM), which has been taking share from MediaTek.
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  • Apr. 17, 2012, 12:18 PM
    Spreadtrum (SPRD -0.3%), hammered yesterday by a Morgan Stanley downgrade, underperforms today after BofA slashes its PT. The firm is worried about Spreadtrum's position in the TD-SCDMA smartphone market, where its baseband chips compete with solutions from QCOM, MRVL, and MediaTek. A competitive Spreadtrum chip is unlikely to ramp before Q4, and a MediaTek solution arriving in 1H13 will offer better price/performance.
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  • Apr. 16, 2012, 11:47 AM
    Chinese mobile baseband chipmaker Spreadtrum (SPRD -11.5%) is diving thanks to a Morgan Stanley downgrade to Equalweight. Spreadtrum, which is seeing growing competition from Qualcomm (QCOM) and others, is expected to deliver its Q1 report on May 4.
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  • Mar. 26, 2012, 4:46 PM
    Communications chipmaker RDA Microleectronics (RDA) has acquired the baseband chip IP of Chinese peer Coolsand Holding for $46M ($20M cash + $26M stock). The acquisition, which complements RDA's mobile phone RF chip business, could lead to additional competition for Spreadtrum (SPRD) and MediaTek, who have heavy exposure to the low-end/2G Chinese phone market.
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  • Mar. 1, 2012, 4:02 PM
    CEVA (CEVA +0.7%) regains its footing on positive comments from Cantor earlier, saying the recent sell-off on the back of Spreadtrum's (SPRD -2.1%) weak guidance is short-sighted and overdone. The firm reiterates its Buy rating.
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  • Mar. 1, 2012, 11:37 AM
    Spreadtrum (SPRD -3.1%), which tumbled yesterday due to the soft Q1 guidance (revenue of $158M-$163M vs. $172.1M consensus) accompanying its Q4 beat, falls some more after JPMorgan and Chardan Capital downgrade shares to Neutral. Spreadtrum attributed its guidance to a seasonal drop in orders for its 3G TD-SCDMA chips (used by phones on CHL's network), but there might also be fears of strong competition from MRVL.
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  • Feb. 29, 2012, 6:52 AM
    Spreadtrum Communications (SPRD): Q4 EPS of $0.78 beats by $0.07. Revenue of $192.2M (+51.9% Y/Y) beats by $2M. (PR)
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  • Feb. 28, 2012, 12:20 PM
    While a report from Carson Block's Muddy Waters used to send investors scuttling, the market is now less interested. Block's research led regulators to suspend trading in 4 of his first 5 targets, including famously Sino-Forest, but Focus Media (FMCN) and Spreadtrum (SPRD) are thriving despite receiving the Muddy Waters treatment.
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  • Feb. 2, 2012, 11:27 AM
    Several wireless chipmakers are getting a lift from Qualcomm's (QCOM +3.1%) strong FQ1 report, and the healthy chip shipment data that accompanied it. Qualcomm's earnings call remarks about strong Chinese 3G uptake could also be helping, given existing fears about Chinese demand. SWKS +6.4%. TQNT +2.4%. MRVL +1.8%. SQNS +3.2%. SPRD +2.2%.
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  • Feb. 1, 2012, 9:24 AM
    Spreadtrum (SPRD) jumps 5.8% premarket after announcing a TD-SCDMA 3G version of Samsung's Galaxy Note smartphone/tablet hybrid, due to be sold by China Mobile, will feature a Spreadtrum baseband processor. Nomura recently suggested Spreadtrum is taking share from Marvell (MRVL) in the growing TD-SCDMA baseband market.
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  • Jan. 30, 2012, 11:02 AM
    Nomura (Neutral) responds to Marvell's (MRVL -1.8%) FQ4 warning by issuing a downbeat note. Though believing FQ4 (ends this month) will represent a sales bottom, Nomura expects a slow recovery on account of weak PC demand, and share losses to Spreadtrum (SPRD) in the market for TD-SCDMA baseband chips (used in phones on China Mobile's 3G network). Others are more bullish.
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  • Jan. 18, 2012, 2:51 PM
    China Unicom (CHU), the only Chinese carrier authorized to sell the iPhone (for now, anyway), has begun selling prepaid Android phones at a price of just $158. Moreover, Digitimes' sources claim rivals CHL and CHA are likely to follow suit. The arrival of cheaper Android phones could prove a headache for local chipmaker Spreadtrum (SPRD), which has a weak position in the smartphone processor market. (previously)
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  • Jan. 11, 2012, 10:47 AM
    Spreadtrum (SPRD +5.8%), which was hammered last week following RF Micro's warning, is surging thanks to a bullish note from Nomura's Rick Sherlund. Sherlund is pleased with Spreadtrum's introduction of a 4G TD-LTE baseband chip, which will allow it to participate in China Mobile's (CHL) TD-LTE trials. He also notes the Chinese chipmaker has a lower cost structure than rivals ST-Ericsson and Marvell (MRVL).
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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