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Spreadtrum (SPRD) Move Higher on Block Comments

June 30, 2011 10:58 AM EDT
Spreadtrum Communications Inc. (Nasdaq: SPRD) is actually moving higher now with Muddy Waters' Carson Block talking on Bloomberg.

He said he isn't a "ninja assassin" who brings down stocks. Says he is someone who protects investors. Says Spreadtrum letter achieved goal of more transparency.

Shares up 2.7%


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