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CSR - Sells mobile business for US$312m

August 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares shot up almost 90p in a single day and then carried on upwards subsequently after CSR announced it has sold its mobile chip division to South Korea's Samsung for US$310m (Â£198m) in cash - a tidy 1.5x divisional sales. On completion of the deal, CSR will return $285m to shareholders by way of a tender offer. The decision to sell has been as easy as falling off a log; CSR's existing mobile business has seen a pincer effect of increased competition and also a trend away from individual components which CSR supplies towards integrated platforms, which is why CSR has been losing market share.Vertical integration is also becoming a theme for lots of the handset manufacturers, with Apple and Google snapping up mobile co ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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