Spreadtrum (SPRD) Move Higher on Block Comments

Spreadtrum Communications Inc. (Nasdaq: SPRD) is actually moving higher now with Muddy Waters' Carson Block talking on Bloomberg.

He said he isn't a "ninja assassin" who brings down stocks. Says he is someone who protects investors. Says Spreadtrum letter achieved goal of more transparency.

Shares up 2.7%

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Five9 to join S&P SmallCap 600 index on August 3
• Warsh: There Is No Soft Inflation Target
• Hims & Hers responds to FTC lawsuit, says claims are "baseless"