Spreadtrum Communications Trading Higher on Samsung Deal

Spreadtrum Communications SPRD is trading higher on the session following the announcement that Samsung selected the company's platform for GALAXY Note GT-I9228. GALAXY Note is Samsung's second smartphone powered by Spreadtrum basebands Dr. Leo Li, Spreadtrum's CEO said: "We are pleased to support Samsung in bringing the high performance products that have achieved global success to China 3G subscribers. Samsung's selection of our baseband platform for the Samsung GALAXY Note validates the leadership and product maturity that we have achieved in the growing TD-SCDMA market." Spreadtrum Communications is currently trading at $16.00, a gain of $0.53 or 3.43%.