Seeking Alpha
 

Spreadtrum Communications, Inc. (SPRD)

- NASDAQ
SPRD is defunct.
Show Summaries  |  Hide Summaries
  • Jan. 6, 2012, 12:31 PM
    RF Micro Devices (RFMD -18.6%) is making new 52-week lows following yesterday's FQ3 warning (I, II), and (owing to RF Micro blaming the shortfall on 2G Chinese orders) has triggered a crash in Spreadtrum (SPRD -15.9%) along the way. Oppenheimer and D.A. Davidson are downgrading RF Micro in response, with the latter arguing the company's weak margin guidance indicates growing 2G competition and price pressure.
    | Comment!
  • Jan. 5, 2012, 4:58 PM
    RF Micro's (RFMD) warning has led to an AH selloff in rival mobile power amplifier vendors. TQNT -3.6%. SWKS -3.9%. In addition, Chinese wireless chipmaker SPRD is down 2.1%, and RF Micro customer/2G phone giant NOK is down 0.7%. It was reported earlier today that HTC is slashing its chip orders. In addition, Credit Suisse warned of slowing mobile phone shipment growth.
    | Comment!
  • Dec. 29, 2011, 10:46 AM
    Israel's Siano Mobile Silicon - whose chips allow mobile devices to receive TV signals - plans a push into the U.S. with an eye towards a possible 2012 IPO. The technology has a bad image thanks to Qualcomm's (QCOM) failed Flo TV, a perception Siano CEO Alon Ironi says his company must change if it wishes to go public. (see also)
    | Comment!
  • Dec. 16, 2011, 11:37 AM
    Spreadtrum Communications (SPRD +4.7%) moves up after announcing a $50M buyback of its ADR's, coming on the heels of another repurchase plan unveiled earlier this year. The company says it will fund the buyback with cash on hand.
    | Comment!
  • Nov. 28, 2011, 11:30 AM
    Spreadtrum (SPRD -0.3%) is underperforming today in spite of a bullish note from Canaccord's Mike Walkley, following meetings with the wireless chipmaker's strategy VP. Walkley sees Spreadtrum delivering a strong 2012, thanks in part to growing shipments of 3G TD-SCDMA chips in its core Chinese market, and increasing sales of 2G GSM chips in other markets.
    | Comment!
  • Nov. 22, 2011, 8:18 AM
    As expected, Focus Media (FMCN) has responded to Muddy Waters' bearish report (.pdf), which accuses the company of multiple types of fraud, by strongly denying each allegation. It remains to be seen whether Focus Media will brush off Muddy Waters' attack like Spreadtrum (SPRD), or validate it like Sino-Forest, but for now, shares are up 14.5% premarket, rebounding a bit from yesterday's crash.
    | Comment!
  • Nov. 21, 2011, 3:26 PM
    Thanks to both the selloff in risk assets, and Focus Media's (FMCN -45.6%) dive into Muddy Waters (I, II), several Chinese tech ADRs are among the day's worst performers. Among these names are former Muddy Waters target Spreadtrum (SPRD -11.5%), and recent Citron Research target Qihoo 360 (QIHU -9.9%). Also off sharply: SINA -11.1%. YOKU -12.5%. RENN -8.2%.
    | 1 Comment
  • Nov. 10, 2011, 12:06 PM
    TSMC (TSM +1.8%) is trading higher after reporting its October sales rose 12.6% M/M. DigiTimes adds TSMC has seen a 20%+ jump in orders from QCOM, NVDA, SPRD, and Mediatek. The numbers suggest TSMC could beat its Q4 guidance (though December tends to be weak), and that chip demand could be stabilizing after getting hit hard by inventory corrections. (earlier) (UMC sales)
    | Comment!
  • Nov. 9, 2011, 4:52 PM
    More on Spreadtrum's (SPRD) Q3 report: Average selling price for chips fell roughly 16% Y/Y. 2.4% of outstanding shares repurchased during quarter. Company expects Q4 revenue of $188M-$194M, above $185.6M consensus. Expects to double quarterly dividend to $0.10/share. Shares +4.5% AH. (PR)
    | Comment!
  • Nov. 9, 2011, 4:39 PM
    Spreadtrum Communications (SPRD): Q3 EPS of $0.83 beats by $0.16. Revenue of $185M (+92% Y/Y) beats by $7M. Shares +5.3% AH. (PR)
    | Comment!
  • Nov. 9, 2011, 12:10 AM
    Notable earnings after Wednesday's close: BEXP, CSCO, GMCR, MBI, MDVN, NDN, SPRD, SSRI, VSEA
    | Comment!
  • Oct. 31, 2011, 12:04 PM
    Spreadtrum Communications (SPRD +2.2%) breaks out again today, hitting another 52-week high after announcing late last week that it was purchasing an 8.3% stake in Zoom Technologies (ZOOM -3.3%). The stock has been on fire over the past few weeks, soaring over 60% since the beginning of October.
    | Comment!
  • Oct. 27, 2011, 3:07 PM
    Chinese wireless chipmaker Spreadtrum (SPRD -1.2%) might be one additional victim of TriQuint's (TQNT -25.1%) weak Q3 report (I, II). During its earnings CC, TriQuint mentioned its soft mobile device chip sales were partly due to weak orders from Chinese customers.
    | Comment!
  • Oct. 26, 2011, 11:12 AM
    Spreadtrum (SPRD +2.3%) gains after Nomura's Aaron Jeng starts the chipmaker at Buy, with a $31 PT. Jeng sees Spreadtrum as a play on China's 3G growth, given its leading position in the TD-SCDMA chip market, and notes shares trade at a significant discount to those of Taiwanese rival MediaTek.
    | Comment!
  • Sep. 30, 2011, 3:39 PM
    Spreadtrum (SPRD +6.6%) shoots higher after the wireless chipmaker announces it's reached the last milestone needed to recognize an $8M R&D grant from CHL. Spreadtrum's CEO uses the announcement to note his company's corporate structure is different from the one sparking regulatory fears for other Chinese ADRs. (previously)
    | Comment!
  • Sep. 29, 2011, 7:59 AM
    China's Spreadtrum (SPRD) has reportedly boosted its orders of TD-SCDMA 3G chips to foundry partner TSMC (TSM), as Chinese 3G adoption gains steam. It's added Spreadtrum has a 56% share of the market for TD-SCDMA chips, which are used in phones running on China Mobile's (CHL) 3G network - MRVL likely has much of the rest. (previously)
    | Comment!
Visit Seeking Alpha's
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