Key Takeaways on Spreadtrum Communications (SPRD) at 2012 Nomura Technology Conference
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Up: 11 | Down: 13 | New: 18
Rating Summary:
12 Buy, 17 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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Key Takeaways from Fireside Chat with Diana Jovin, VP, Strategy & IR for Spreadtrum
Analyst, Rick Sherlund, said, "Spreadtrum primarily competes in the 2G and 3G space: SPRD is a fabless semiconductor vendor, which is based in Shanghai and sells into the 2G and 3G handset market. The company has gained share in the 2G market, rising from 10% market share in 2009, to approximately 28% market share currently."
"Spreadtrum announced a 4G offering at the 2012 CES: At this year’s CES conference, Spreadtrum announced that it has now moved into the 4G market with a new product offering. This offering will give Spreadtrum the ability to participate in China Mobile’s upcoming 4G trials and to be early to this market in China."
"Spreadtrum has a cost advantage relative to ST Ericsson (Nasdaq: ERIC) and Marvell (Nasdaq: MRVL): Spreadtrum believes that it has a cost advantage over its competition, having a lower cost to support customers being headquartered close to customers in Shanghai, as well as a lower cost of labor in China relative to the rest of the world."
"The transition to 3G from 2G is taking place in China: Spreadtrum sees the Chinese market transitioning to 3G from 2G over the next few years. 3G represents approximately 20% - 30% of Spreadtrum’s sales currently with the remainder focused on the 2G market. The company stated that it expects 2G growth in China to be flat to declining over the next few years."
Analyst, Rick Sherlund, said, "Spreadtrum primarily competes in the 2G and 3G space: SPRD is a fabless semiconductor vendor, which is based in Shanghai and sells into the 2G and 3G handset market. The company has gained share in the 2G market, rising from 10% market share in 2009, to approximately 28% market share currently."
"Spreadtrum announced a 4G offering at the 2012 CES: At this year’s CES conference, Spreadtrum announced that it has now moved into the 4G market with a new product offering. This offering will give Spreadtrum the ability to participate in China Mobile’s upcoming 4G trials and to be early to this market in China."
"Spreadtrum has a cost advantage relative to ST Ericsson (Nasdaq: ERIC) and Marvell (Nasdaq: MRVL): Spreadtrum believes that it has a cost advantage over its competition, having a lower cost to support customers being headquartered close to customers in Shanghai, as well as a lower cost of labor in China relative to the rest of the world."
"The transition to 3G from 2G is taking place in China: Spreadtrum sees the Chinese market transitioning to 3G from 2G over the next few years. 3G represents approximately 20% - 30% of Spreadtrum’s sales currently with the remainder focused on the 2G market. The company stated that it expects 2G growth in China to be flat to declining over the next few years."
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