The Company is a fabless semiconductor company that designs, develops and markets integrated platform solutions, including SoCs, firmware, software development tools and reference designs, for manufacturers of portable media players.
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At $1.90, this stock is trading below its cash and "marketable securities" reported on the 8/6/08 6-K filing (though I don't know what constitutes the "marketable securities" part). The company is buying back ADS shares. While I don't feel the company's prospects are great, there is a margin of security here, and the stock should bounce back when China ADRs/ADSs rebound.
The "marketable securities" are CDs in big Chinese banks. Better rate of return than a money market fund, and reasonably safe.