TechMARK movers: CSR pleases market

9th Feb 2011 13:06

Chip supplier CSR reported better than expected fourth quarter figures and a strong outlook for the first quarter of this year. Revenues of $184.8m were right at the top end of the guidance figures and gross margins were better than consensus. First quarter revenues of $155m-$170m are expected. CSR has $440m in cash and is paying a maiden dividend of 4p a share. Share buy backs continue. Cable & Wireless Communications has confirmed its agreement to acquire 51% of The Bahamas Telecommunications Company Limited (BTC) from the Bahamas government for $210m.There will be at least three years before the mobile telecoms market is opened up. C&W Communications is finding the Caribbean market tough but Panama has performed strongly in the four months since the end of September 2010. Shares in GlaxoSmithkline have gone ex-dividend. The drug developer is paying a 19p a share fourth quarter dividend but the share price has fallen much more than that. FTSE TechMARK - Risers CSR (CSR) 448.90p +10.16%Psion (PON) 93.00p +5.08%Microgen (MCGN) 138.00p +4.15%Antisoma (ASM) 2.37p +3.95%Emblaze Ltd. (BLZ) 42.00p +2.44%Wolfson Microelectronics (WLF) 278.50p +2.39%BATM Advanced Communications Ltd. (BVC) 26.25p +1.94%BAE Systems (BA.) 351.90p +1.71%NCC Group (NCC) 620.00p +1.64%Anite (AIE) 70.00p +1.45%FTSE TechMARK - Fallers Parity Group (PTY) 31.75p -6.62%Cable & Wireless Communications (CWC) 46.88p -4.85%Telecity Group (TCY) 475.90p -3.66%AEA Technology Group (AAT) 4.98p -3.30%Gresham Computing (GHT) 31.00p -3.12%Asterand (ATD) 18.50p -2.63%Sepura (SEPU) 47.00p -2.59%E2V Technologies (E2V) 121.25p -2.22%GlaxoSmithKline (GSK) 1,172.50p -2.21%Kewill (KWL) 86.25p -1.99%