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Campaigns / Muddy Waters → Spreadtrum Communications
Muddy Waters vs. Spreadtrum Communications

Spreadtrum Communications · SPRD

1 deck published between 2011-06-28 and 2011-06-28 — 7 pages, 7 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2011-06-28 initial thesis

    2011 06 MW_SPRD_OpenLetter_06282011

    7pp · letter

    Spreadtrum's 229.6% 2010 revenue jump cannot be reconciled with MediaTek's flat year, zero cash taxes were paid on $75M of profit, and CFO/auditor turnover points to material misstatement — Muddy Waters is short.