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Stock Market & Financial Investment News

News Breaks
November 1, 2012
09:03 EDTVIMCVimicro unit receives video-surveillance contract
Vimicro announced that its subsidiary Vimicro Electronics Corporation has secured a major government purchase contract from the Jinzhong City Public Security Bureau of Shanxi province to provide Surveillance Video and Audio Coding-based security surveillance products and services. Vimicro Electronics Corporation, together with local partners, including Jinzhong Broadcast and TV Network Co., Ltd., will develop the Project. Vimicro Electronics Corporation will supply the products and services for the Project, including key video surveillance-related hardware and software. Vimicro Electronics Corporation's portion of the contract value will be $6.23M, out of a total contract value of $13.1M, which will be shared by all partners. Work on the Project is expected to be completed by the end of February 2013.
News For VIMC From The Last 14 Days
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December 12, 2014
11:01 EDTVIMCOptions with decreasing implied volatility
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December 9, 2014
10:27 EDTVIMCOptions with increasing implied volatility
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08:07 EDTVIMCVimicro's Taiyuan facility begins mass production
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December 8, 2014
10:42 EDTVIMCOptions with increasing implied volatility
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09:00 EDTVIMCVimicro looted, U.S. investors hold 'worthless' shares, says Trinity Research
Trinity Research Group issued a report on Vimicro, placing a Sell rating and $0 price target on the stock, citing allegations that assets estimated to be worth over $600M have been embezzled into privately held related parties by the company's co-founders and other insiders over the past four year. The group also alleges Vimicro insiders falsified financials and issued numerous press releases to "pump and dump" the company's U.S.-listed shares. U.S. investors in the Chinese company "now unwittingly hold shares of a worthless company, with no legal recourse to claim what was embezzled from them," according to the short-selling research group, which noted that "Trinity stands to profit in the event the issuer’s stock declines." Reference Link

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