Bumper share price prompts CSR directors to cash in over £8.6m
CSR technical director, James Collier, has unloaded £7.46 million worth of shares in the phenomenally successful Cambridge-based wireless company after its share price hit a new all-time high.CSR technical director, James Collier, has unloaded £7.46 million worth of shares in the phenomenally successful Cambridge-based wireless company after its share price hit a new all-time high.
CSR’s price dipped 15 pence after Collier, a co-founder of the Bluetooth specialist, sold 500,000 shares at £14.92 while non-executive chairman, John Whybrow, offloaded 80,000 at the same price, raising £1.19m.
It is Collier’s third major CSR share sale since September, bringing the total return to over £13.5m.
• CSR and US-based Freescale Semiconductor are collaborating to provide mobile phone makers with full-feature, high-performance, low-power Bluetooth reference designs. CSR’s BlueCore hardware and software for Bluetooth will be combined with Freescale’s 2.5G, 2.75G and 3G mobile phone platforms and the i.MX family of applications processors.
Matthew Philips, senior vp Mobile Handset Connectivity Strategic Business Unit, CSR added: “CSR is interested in delivering the most advanced wireless technologies to mobile device makers in the shortest time possible and making the integration as easy as possible.
“Our partnership with Freescale is an excellent step in this direction, and we feel sure this will benefit mobile phone makers who chose to use Freescale’s leading handset platforms.”
Berardino Baratta, general manager of Multimedia Applications Division for Freescale’s wireless group, said: “Our proven, integrated 2.5G and 3G platforms and applications processors, joined with CSR’s market-leading BlueCore technology, offer mobile phone makers robust reference designs to help deliver better performance and longer battery life. These are mature solutions manufacturers can trust and use to put Bluetooth technology on mobile handsets quickly and easily.”