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.

The Times
October 03, 2006
Stock Markets

Danish customer's profit warning spells further trouble for CSR
By Nick Hasell

CSR fell a further 3 per cent yesterday after a profit warning from a Danish customer stoked fears that last months trading alert from the Cambridge-based developer of semiconductors may not be its last.

The trading update from GN Store Nord was overshadowed by the sale of its ReSound business to Phonak, the Swiss hearing aid maker, for $2.63 billion (1.4 billion), but analysts who scrutinised GNs statement were unsettled by the weakness of its flagship mobile headset operation, which it said would make a loss this year after a 42 per cent fall in quarterly sales.

Dresdner Kleinwort said that performance exceeded its worst fears and suggested that further problems could lie ahead in the headset market, which accounts for around one third of CSRs revenues. With the German broker also suggesting that GN may start to source semiconductors from Broadcom, of the United States, as well as from CSR, it repeated its sell advice and 770p target. CSR dropped 29p to 814p.

Down 111p at 669p


CSR warns of weakness ahead - MoneyAM

CSR, the bluetooth microchip designer, said third-quarter revenue rose 32%.

However it warned its second-half results would be weaker than expected due to a shift in the mobile phone market.

The Cambridge-based company, whose radio chips are used in mobile phones, portable digital assistants and laptops for swapping data over a short range, said revenue for the three months to September 29th rose to $214.1m versus $162.5m in the same period a year earlier.

Pretax profit rose 15% to $52.3m from $45.5m.

However CSR warned that fourth-quarter revenue was likely to be between $160m-$180m, lower than originally expected, due to the growing number of cheaper mobile phones that do not incorporate bluetooth technology.

'Whilst it is disappointing that our second half 2006 will not be as strong as anticipated, the Board is confident that further significant growth will be achieved in 2007,' CSR CEO, John Scarisbrick, said in a statement.

Diluted earnings per share rose to $0.28 vs $0.24, while CSR said its Bluetooth unit market share for the third quarter was more than 50%.

CSR said it expects the Bluetooth market worldwide to grow by between 60% and 70% in 2006, driven by mobile phones and headsets.

Is there another bus due shortly or is that the third one?

2nd

Closed down 135p at 645p.

time to bring this back to watch



red = 25 dma
green = 50 dma

good break out and looks right ..... have just bought for myself

It is interesting to note that the company has decided to try something new like the GPS market on the mobile phones prior to the result announcement next month. I have a feeling the results are not going to be all that spectacular like it usually is.
However, the potential of GPS on mobile phone can be pretty massive. Just think you could possibly locate the phone when its stolen (possible reduction of crime theft) or keep track on your own children etc.
Just imagine how popular it will be, like it has been with Bluetooth in the pass years plus the popularity of the tom tom etc. I think we should watch this company in the near future especially after the results and see what they have to say for future developments

I am in for the bull ride! I hope am right :0)

well through 25 and 50 dma .... 200 dma is at 950+

Q4 results tomorrow. Good luck longs, unfortunately my average is about 880+ so long way off to even out but hope it doesn't fall back to 600 again.

oh good .... hadn't realised that ..... bought back in a week or two back, so fingers crossed

sold some stuff prematurely this week, even though at a profit, and also called DOM's sp move quite badly wrong despite ace figures ..... but glad i kept faith with CSR ..... sp has rocketed +70+ .... am still trying to find out how far ahead of consensus expectaions the figures were ..... trading statement is pretty bullish

chart below show 50 and 200 dma.
rsi getting towards overbought

HELP someone, who is better at interpreting figures or something!!

I would guess 900 is the obvious resistance, being about the bottom when price slumped in September, and will also be just about where 200 dma when/if it gets there .... i suppose!

taken my profits! ..... 118p profit per share in 5 weeks will do very nicely thank you!! ..... which i could always call them that well!! ....... may well get back in again in due course, as have a liking for this company

time to dust this one down again after a couple of pretty dull or even dire months ..... sp has been tracking along 25 dma line and has now suddenly perked up ..... worth considering perhaps

=====

so i considered and did!

don't know what happened there, but sp has bolted since i bought (725.5)! .... hope it holds

oh dear .... another right call! .... quality stocks beat worrying whether GOO or CHP or EME have moved by 0.25p

2 May, 2007


CSR PLC
UNAUDITED RESULTS FOR THE QUARTER ENDED 30 MARCH 2007

STRONG RESULTS AND CASH FLOW, INCREASED INVESTMENT IN R&D


CSR plc (LSE: CSR), the wireless solutions provider and the leader in Bluetooth
technology, today announces its unaudited financial results for the quarter
ended 30 March 2007.


Financial Highlights

Revenue: $160.1m (Q1 2006: $134.9m)
Gross margin: 45.1% (Q1 2006: 47.3%)
R&D expenditure (excluding amortisation of acquired intangible assets):
$33.2m (Q1 2006: $22.4m)
SG&A expenditure (excluding the patent dispute settlement): $18.5m (Q1
2006: $16.5m)
Underlying operating profit*: $20.4m (Q1 2006: $24.8m)
Underlying operating margin*: 12.8% (Q1 2006: 18.4%)
Underlying diluted earnings per share*: $0.11 (Q1 2006: $0.14)
Operating profit: $3.9m (Q1 2006: $24.3m)
Profit before tax: $4.6m (Q1 2006: $25.8m)
Diluted earnings per share: $0.02 (Q1 2006: $0.14)
Net cash inflow from operating activities: $57.7m (Q1 2006: outflow
$9.0m)

Note*: Excluding the $15.0m patent dispute settlement and $1.5m amortisation of
acquired intangible assets

First Quarter 2007 Operational Highlights

Design win momentum strong across all applications
Important Nokia and Samsung handset design wins in both GSM and CDMA
BlueCore5 MM and BlueVox QFN (low cost headset) now in volume production
GPS technology acquisitions: product offering well received by customers


Outlook

CSR has had a good start to the year with first quarter seasonality being less
pronounced than in prior years.

Strong customer demand, supported by bookings, gives us the expectation of $195
million to $220 million of revenue in Q2 2007. With expectations of growing
mobile phone attach rates and continued Bluetooth growth beyond the mobile phone
market, CSR remains on track to meet its expectations for the full year.

Commenting on the results, John Scarisbrick, CEO said:


'CSR has made a good start to the year as we retain and build upon our position
as the unequivocal Bluetooth market leader. Net operating cash flow remains very
strong, inventory has returned to normal levels and we have increased our rate
of investment in research and development to ensure we continue to capitalise on
the growing market for wireless applications.

The outlook for 2007 remains positive. We expect mobile handset attach rates to
grow to 40% - 50% this year. The market beyond the mobile phone, which now
accounts for over 50% of our revenues, will continue to grow. This, together
with our first quarter results and forward bookings to date, places CSR on track
to meet its expectations for the full year'.

having been away fro a few days, i am glad to see the liveliness in this nice little earner ...... sp has now pushed though 200 dma, albeit that that is still on a downward trend .... could do with some help from help from PT with his more sophistcated charts and reading of the entrails, but i suspect there is still quite a lot of room on the upside in the immediate future