SHANGHAI, China, Nov. 27 /Xinhua-PRNewswire/ -- Spreadtrum Communications, Inc. (Nasdaq: SPRD), one of China’s leading wireless baseband chipset providers, today announced that it is scheduled to present at several investor conferences over the next few weeks, including:
November 28-29, 2007: Susquehanna Financial Group Beijing Management
Summit, Beijing, PRC.
December 5-7, 2007: Lehman Brothers Global Technology Conference, San
Francisco, California.
January 8-11, 2008: Needham & Company Growth Stock Conference, New York,
New York.
In these investor conferences, Spreadtrum expects to convey the following message: Despite recent market concerns regarding component shortages and possible inventory build-up at its competitors, Spreadtrum still expects revenue in the fourth quarter of 2007 to be approximately US$46 million to US$47 million, which represents a sequential increase of 19% to 22% from US$38.6 million in the third quarter of 2007. Spreadtrum also estimates that its operating margin will likely increase from the 11.7% level in 3Q07 to over 13% in 4Q07. As a reminder, Spreadtrum finished the third quarter with its average accounts receivable days decreasing from 25 days to 11 days, while inventory days decreased last quarter from 77 days to 65 days, which is below Spreadtrum’s targeted range. Spreadtrum’s recently announced acquisition of Quorum Systems is still expected to close by the end of this year.
About Spreadtrum Communications, Inc.
Spreadtrum Communications, Inc. (Nasdaq: SPRD; “Spreadtrum”) is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the mobile wireless communications market. Spreadtrum combines its semiconductor design expertise with its software development capabilities to deliver highly-integrated baseband processors with multimedia functionality and power management. Spreadtrum has developed its solutions based on an open development platform, enabling its customers to develop customized wireless products that are feature-rich and meet their cost and time-to-market requirements.
Safe Harbor Statements:
This press release contains "forward-looking statements" within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry in China and Spreadtrum’s future results of operations, financial condition, and business prospects. These statements are forward-looking in nature and involve risks and uncertainties that may cause actual market trends and Spreadtrum’s actual results to differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, continuing competitive pressure in the semiconductor industry and the effect of such pressure on prices; unpredictable changes in technology and consumer demand for mobile phones; uncertainty regarding whether and when the Quorum Systems transaction would receive the necessary regulatory approvals; the state of and any change in Spreadtrum’s relationship with its major customers; and changes in political, economic, legal and social conditions in China. For additional discussion of these risks and uncertainties and other factors, please consider the information contained in Spreadtrum’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the registration statement on Form F-1 filed on June 26, 2007, as amended, especially the sections under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and such other documents that Spreadtrum may file with the SEC from time to time, including on Form 6-K. Spreadtrum assumes no obligation to update any forward-looking statements, which apply only as of the date of this press release.
For more information, please contact:
Investor Relations
Tel: +86-21-5080-2727 x2268
Email: ir@spreadtrum.com
