HSBC analyst Yolanda Wang expects Spreadtrum Communications Inc. (Nasdaq: SPRD) to pick up Infineon 2G clients after Intel Corp. (Nasdaq: INTC) acquires Infineon's wireless unit. Shares of Spreadtrum climbed $1.31 to close at $11.46 while Intel stock eased 29 cents to close at $17.67.
Spreadtrum Expected To Take Infineon Clients
August 31, 2010 at 16:46 PM EDT