Spreadtrum (SPRD) Approves $50M ADS Buyback

Spreadtrum Communications, Inc. (Nasdaq: SPRD) has authorized a share repurchase program under which the Company may repurchase up to $50 million of its American Depositary Shares pursuant to a Rule 10b5-1 repurchase plan. The share repurchase program will be funded with the Company's cash on hand.

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