Stock Market & Financial Investment News

News Breaks December 21, 2011 06:03 EDT CNTF theflyonthewall.com: China Techfaith receives approval for land purchase for R&D center China TechFaith Wireless Communication Technology has received approval from the Shenyang Government for the acquisition of approximately 11.5 acres in Shenyang City's Shenbei New District. TechFaith's new facility will include integrated R&D, sales and distribution. The land contract is valued at approximately $2.3M. :theflyonthewall.com News For CNTF From The Last 14 Days Check below for free stories on CNTF the last two weeks. There are 3 items on the Fly with pertinent information. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2012 06:59 EDT CNTF theflyonthewall.com: China Techfaith sees Q2 revenue $32M-$36M, one estimate $35.57M Subscribe for More Information :theflyonthewall.com 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