Key Developments: Spreadtrum Communications, Inc. (SPRD.O)
6.39USD
9 Feb 2010
$0.09 (+1.43%)
$6.30
$5.96
$6.40
$5.85
451,276
490,558
$7.04
$0.75
Latest Key Developments
Spreadtrum Communications, Inc. Issues Q4 2009 Revenue Outlook Above Analysts' Estimates
Spreadtrum Communications, Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $37-$40 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $33 million for the same period.
Spreadtrum Communications, Inc. Issues Q3 2009 Revenue Guidance Above Analysts' Estimates
Spreadtrum Communications, Inc. announced that for third quarter of 2009, it expects revenue to be in the range of USD31-USD36 million with improving margins, sequentially. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of USD16.49 million for the same period.
Spreadtrum Communications, Inc. Issues Q2 2009 Revenue Outlook In Line With Analysts' Estimates
Spreadtrum Communications, Inc. announced that for the second quarter of 2009, it expects revenue to be in the range of USD 10 to USD 14 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of USD 14 million for the same period.
Spreadtrum Communications, Inc. Announces $44 Million of New Financing
Spreadtrum Communications, Inc. announced that its Chinese subsidiary, Spreadtrum Communications (Shanghai) Co., Ltd., has received RMB 300 million (approximately $44 million) of new financing from a Chinese bank in the form of a fixed term loan.
Spreadtrum Communications, Inc. Lowers Q4 2008 Revenue Outlook
Spreadtrum Communications, Inc. announced that for the fourth quarter of 2008, it expects its revenue to be approximately $10 million, compared with revenue of $20 million in the third quarter of 2008. According to Reuters Estimates, analysts on average were expecting the Company to report revenue of $20 million for the fourth quarter of 2008. The Company cited the ongoing difficulties in the Chinese economy, customers serving the Chinese mobile phone market are experiencing unusually weak demand for mobile phones, as the primary reasons for the outlook.
Mirics and Spreadtrum Communications, Inc. Announce Strategic Partnership To Deliver CMMB Solutions for PCTV Applications
Spreadtrum Communications, Inc. and Mirics Semiconductor announce a strategic partnership to deliver embedded TV solutions for portable personal computer (PC) platforms that support the China Multimedia Mobile Broadcasting (CMMB) standard.
Spreadtrum Communications, Inc. Issues Q4 2008 Revenue Guidance In Line With Analysts' Estimates
Spreadtrum Communications, Inc. announced that for the fourth quarter of 2008, it expects revenue to be approximately flat or slightly better than the third quarter of 2008. The Company reported revenues of $20.0 million in third quarter of 2008. According to Reuters Estimates, analysts on average are expecting the Company to report revenues of $28.7 million for the third quarter of 2008.
Spreadtrum Communications, Inc. Announces Appointment of Dr. Leo Li As President
Spreadtrum Communications, Inc. announced that it has appointed Dr. Leo Li as its President.
Spreadtrum Communications, Inc. Issues Q3 2008 Revenue Guidance Below Analysts' Estimates
Spreadtrum Communications, Inc. announced that for third quarter of 2008, it expects revenue to be approximately $20 million. The Company said a number of factors have negatively affected our customers' business this year. In addition, Spreadtrum is also affected by delays in its Mocor software platform and in customers' transition to its newer basebands. According to Reuters Estimates, analysts were expecting the Company to report revenues of $50 million for the same period.
Spreadtrum Communications, Inc. Completes Share Repurchase Program
Spreadtrum Communications, Inc. announced that it has completed its share repurchase program. Spreadtrum's Board of Directors previously authorized a share repurchase program pursuant to a U.S. Securities and Exchange Commission (SEC) Rule 10b5-1 repurchase plan. During this program, Spreadtrum repurchased approximately 1.78 million ADSs for an aggregate price of $14.9 million. Part of the repurchase was intended to offset the dilutive impact from shares issued to Quorum Systems' shareholders in conjunction with the Quorum Systems acquisition completed in January 2008.
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