Tech Stock Trading Alert; CSR (NASDAQ:CSRE) Leads NASDAQ Top Percentage Gainers
Category: Investment, Technology
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News about CSR
New York, NY - July 17, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for CSR plc (LSE: CSR; NASDAQ: CSRE), the top percentage gainer in morning trading in the NASDAQ. The stock is trading at $18.10, gaining $ 4.54 or 33.48% on relatively light volume of 78,000 shares.
The Company reported news today of a proposed transfer of CSR's Handset connectivity and location development operations and technology to Samsung for US$310 million in cash.
CSR is a global provider of innovative silicon and software solutions for the location-aware, media-rich, cloud-connected world. Our platforms are optimised for the automotive navigation and infotainment, digital cameras and imaging, connected home infotainment and wireless audio markets. We provide solutions to complex problems in the audio-visual, connectivity and location technology domains across a broad range of markets, with a technology portfolio that includes GPS/GNSS systems, Bluetooth®, Wi-Fi®, FM, NFC, aptX® and CVCTM audio codecs, JPEG, MPEG, H.264 imaging, PDL printing, microcontrollers, DSPs and broadband receivers. CSR's technology solutions and market platforms enable its customers to deliver a superior user experience and are adopted by leaders in the auto, computer, home and mobile markets. www.csr.com
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