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News Breaks
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July 18, 2011
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| 06:02 EDT |  | CNTF |
| theflyonthewall.com: | China Techfaith to ship "Jungle" branded mobile phones to Middle East market | | China TechFaith Wireless announced it will ship its TecFace branded mobile phone "Jungle" to the Middle East market in Q3 of 2011. Jungle's rugged mobile phone features high shock, water and dust resistance, make it ideal for harsh weather conditions. In addition, Jungle is equipped with outdoor functions, such as Altimeter, Compass, Pedometer, Torch and many more. COO Deyou Dong commented: " Customers are seeking us out because of our design expertise, ability to tailor phones and reliable manufacturing. We already have customer orders in the Middle East that we expect to build on, with both TecFace and our other branded mobile phones as we increase our overseas market share." :theflyonthewall.com |
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May 22, 2012
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| 06:59 EDT |  | CNTF |
| | 06:58 EDT | | CNTF |
| theflyonthewall.com: | China Techfaith CFO: had an extremely challenging quarter for our business | | Ouyang Yuping, TechFaith's CFO commented: "We had an extremely challenging quarter for our business as lower demand in our Original Developed Product, or ODP, segment, combined with our fixed operating costs structure, resulted in a net loss for the quarter. Our operating structure is able to support revenues considerably higher than $100M per quarter, which results in absorption issues with the current lower revenue levels. We are working to better align our resources to the current business environment, including potential cost reduction measures." :theflyonthewall.com |
| | 06:57 EDT | | CNTF |
| theflyonthewall.com: | China Techfaith reports Q1 EPS (1c) vs. 26c in Q1 of 2011 | | Reports Q1 revenue $42.7M vs. $78.7M in Q1 of 2011. This is in line with the company's prior guidance which stated that revenue in Q1 would be in the range of $41M-$45M. :theflyonthewall.com |
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