Spouse cashes in CSR chips

CSR chief technology officer James Collier's wife has sold 377,750 shares in the bluetooth and Global Position System chips maker at prices between 422.5p and 439.4p a share. That cuts Collier's stake to 1.02m shares, or 0.56%.

On 2 March 2009, Collier exercised an option over 382,002 shares at 5.37p a share. That cost £20,514.

Third quarter revenues were higher than expected and the underlying operating profit was $22.2m. CSR said it expects to post fourth quarter revenue of between $180m and $200m. A new order for an integrated Bluetooth/WiFi product should begin shipping before the end of the year.

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Chief executive Joep van Beurden says that CSR is seeing the benefits of the merger with SiRF.

Top Director Buys

Value: £24,444

Value: £20,400

Value: £13,300

Top Director Sells

Value: £1,627,914

Value: £199,875

Value: £153,750

Value: £80,975

Value: £76,875

Value: £51,250

Value: £39,653

Value: £38,438

Value: £35,875

Value: £19,337