WWW - Posts tagged Spreadtrum at BloggingStocks

Spreadtrum posts

Analyst Calls: ACN, AMAT, AZN, BBT, CBS, GPN, IP, ORCL, PKG, SONC, V ...

Posted Dec 17th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Applied Materials (AMAT), BB and T (BBT), CBS Corp 'B' (CBS), Oracle Corp (ORCL), Analyst Initiations, Visa Inc. (V)

Analyst Upgrades

Oracle (ORCL) to outperform from perform at Oppenheimer.
Accenture (ACN) to buy from hold at Jefferies.
Advanced Energy (AEIS) and Applied Materials (AMAT) to overweight from equal weight at Barclays.
Spreadtrum (SPRD) to buy from hold at Auriga.
Healthcare Realty Trust (HR) and Tortoise Energy Capital (TYY) to outperform from neutral at RW Baird.
Global Payments (GPN) to equal weight from underweight at Morgan Stanley.
CBS (CBS) to buy from neutral at BofA/Merrill.
Sonic (SONC) to outperform from neutral at Cowen.

Continue reading Analyst Calls: ACN, AMAT, AZN, BBT, CBS, GPN, IP, ORCL, PKG, SONC, V ...

Spreadtrum mobilizes for an IPO

Posted Jun 7th 2007 9:56AM by Tom Taulli (RSS feed)
Filed under: Morgan Stanley (MS),

As seen with the IPOs of Aruba Networks (NASDAQ: ARUN) and Starent Networks (NASDAQ: STAR), Wall Street can't seem to get enough of wireless plays.

The latest IPO filing comes from Spreadtrum, which is a fabless semiconductor company. The chips help to boost multimedia and power management capabilities.

What's more, Spreadtrum has a strong presence in China. This has several advantages: access to a large pool of technical workers, a well-developed supply chain, and a fast-growing market (487.4 million wireless subscribers as of April 2007).

The company has been growing at a rapid rate. From 2003 to 2006, revenues have surged from $2.4 million to $107.1 million. In fact, the company reached profitability in the first quarter of 2006.

The lead underwriters include Morgan Stanley (NYSE: MS) and Lehman Brothers (NYSE: LEH). The proposed ticker symbol is "SPRD."

You can find the IPO filing at the SEC website.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.