Market differentiation from R&D last year is coming to fruition. Evidence: Europe/Africa with Orange, India via Intex, and WCDMA & LTE products. Oh yeah, and there is also the deal with FaceBook. This strengthens a company known primarily for China TD-SCDMA. Now if margins start to improve, I believe $30/share is possible.
what is the reason for the sudden uptick in volume and price on a down market?. The volume is more than 1.5 times the average as od 2 pm.. I had seen some links earlier to certain other websites [chinese articles]previously. There should be some news leakage somewhere for this move.
from a fundamental perspective, it's because SPRD is smack in the middle of the inexpensive smart phone market that is exploding. i travel to china periodically and the trend is evident. the world still has a few more billions of people who will want one of those. there's significant upside in SPRD.