Chinese mobile baseband chipmaker Spreadtrum (SPRD -11.5%) is diving thanks to a Morgan Stanley...

|By:, SA News Editor

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.