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

===

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.

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?

loss in this case of 10% or more, i think

it was a fast moving market and they did it when they could but perhaps somebody else knows more than me?

ask PT on the technical analysis thread

thanks md - that'll do me 4 now

Anyone - can someone please tel me this is not going further down? Though the markets may indeed be choppy at the moment, but CSR's slide, if I re-call correctly, began on good news, and it keeps getting worse. Is there something in TA that shows what 'normal' levels for this will be?

weak $ will certainly not help CSR, but i am happy enough to keep holding them ...... chart below shows that this stock is pretty volatile at the best of times, but i would hazard a guess that a bounce now is not unquestionable, partly due to 200 dma being tested and also indicated good bounce on Dow this afternoon ..... how long that will hold is anyone's guess

Thanks cynic - any suggestions as to wht entry and exit points? (I am really useless at this TA thing, though quite fascinated at how accrate it can be)

has been said before, but will repeat .... charts are no more than an indicator ..... would i buy (anything) today? ..... no, prob not

thanks for the advice - walked away andthus survived. Now 4 the big qn, bearing in mind the gains on DOW 2day, does this look good?