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Pain in SpreadTrum

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Obviously I pulled trigger too earlier on this one, SpreadTrum Communications (Nasdaq: SPRD).

SPRD SpreadTrum chip pic

Here is a Speadsheet which has the revenue numbers for recent quarters. I think one reason for the continued pressure is the slow cell phone market, as indicated by the shipments slowdown of MediaTek, a bigger rival of Spread.

My current plan: sell some before its Q2 ER. The company revenue guidance for Q2 was $39 to 40 million. It could miss because of challenging macro economy condition and intensified handset market.

BTW, this morning I sold the Yahoo shares which I bought it yesterday.

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