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Stock Market & Financial Investment News

News Breaks
November 8, 2012
07:01 EDTVIMCVimicro upgraded to Buy from Hold at Needham
Needham upgraded Vimicro following the strong Q3 report citing, better IP Surveillance solutions, and cost controls. Price target is $2.50.
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
December 4, 2014
08:39 EDTVIMCVimicro wins $9.5M competitive bid in Taiyuan City of Shanxi Province
Vimicro's joint venture, Shanxi Zhongtianxin Science and Technology Co., won a competitive bid for the provision of SVAC-compliant video surveillance system and products to Xiaodianqu District in Taiyuan City of Shanxi Province, with an estimated contract size of $9.5M approximately. Zhongtianxin is a joint venture in which Vimicro holds a 51% stake, with the remaining 49% owned by Shanxi Guoxin Investment Co., a Shanxi provincial government-owned investment company.

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