A new thread for Cambridge Silicon Radio, a bluetooth play for 2004.

Cambridge Silicon Radio Holdings Ltd, the Bluetooth technology group that is about to list on the London Stock Exchange, said its offering will be priced at 160-200 pence a share.

The indicative price range corresponds to an offer size of 54-68 mln stg and a market capitalisation for the company of 192-239 mln stg after flotation.

CSR designs and manufactures single-chip radio devices - focusing initially on solutions for the 2.4GHz Bluetooth personal area networking standard. The background and experience of our development team give CSR a unique advantage to help OEMs exploit the new wave of wireless networking, allowing us to offer the most highly integrated single-chip Bluetooth solutions, which are based on commodity CMOS technology with all its inherent advantages.

www.csr.com

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CSR, which has secured over 70 mln usd of funding from a number of investors including Compaq Corp, Philips Electronics NV, Sony Corp, Intel Corp and 3i Group PLC, was founded in 1998.

The company claims on its Website to be the world's leading provider of Bluetooth, accounting for 60 pct of all Bluetooth end-products.

Bluetooth is a low-cost, short-range radio link between mobile PCs, mobile phones and other devices, enabling users to connect a wide range of devices easily and simply, without the need for cables.

hi PT .... just back from a week away, mainly biz, and have not been able to been on line at all ...... actually took a load of money off the table, but note what you say about CSR ..... as well as SCHE (lol!) ..... will review CSR monday a.m. especially in the light of a bad night tonight on Wall Street

CSR Update

No great change here, although the SP nearly fell out of the steeper channel, still expecting CSR to consolidate during the next month or so and would be tempted to sell into any strength with a target of 820p. Depends if this theory of history repeating itself holds true.

pth

thanks PT .... am actually already out a a very decent profit but like the company and will assuredly reinvest in due course

Chaps, yep, well I've had one trailing stop loss taken out, but after tonight's performance I'm decidedly uneasy.It wouldn't surprise me if I was taken out of two more tomorrow morning leaving me with just four of my positions waiting, hopefully for the chart to fulfill its prophecy. Wish I had the cojones to short stuff. Mind you, I'm doing O.K. on cable, ever wary of your old advice from your friend Cynic about 207. I too have a friend who used to be a Forex trader, heavily chart oriented and I will confer with him this week-end. Godd luck guys.

garfee .... my forex position is comfortably in the money, even if that can quickly change .... have also just bought back in here at 807 having banked profits a couple of days back at a considerably higher level.

Blimey, CSR taking a real hammering on what appears to be good news, same old story, didn't expect this sharp fall. Looks like it's out of the 'box', should find support from the longer term trendline.

pth

trendline at 780

Found support at 770p, good grief that has to be cheap?

md, had mine at 778p :))

my eyesight not as good as it was ! :-))

nasty

only for gamblers now

Berlimey, MMs propped it up earlier at 770, not this time though. Needs to recover intraday if the support hasn't gone.

Gone into auction, might see a recovery now

pt , behaving properly , resistance at 780

md, indeed, needs to close at that level or we're into a new trend. If it drops again, think the low of 730p would be a good entry for a long position, albeit risky, think I'll just watch :) I know I said I was bearish and sell into any strength with a target of 820p, didn't expect this though :S

pt , next stop i have is 720 and surprisedthe gamblers jumped in

md, bounced off the 200MA, it's a volatile F"*^er though innit!!

working at the mo with limited graphics , you as usual are correct

Still a bit of a novice so please excuse my persistent quries (for those who have seen them on other threads) - but what was this all about CSR going into an auction this morning after the markets were open? With hindsight, I have a very sore score since I could have got in @ 731 ....

limit down = automatic auction

still lost ... what limit?