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News Breaks
August 12, 2014
08:40 EDTVIMCVimicro raises Q2 revenue to $23M-$24M from $19M-$21M, one estimate $20M
The company said, "Vimicro is seeing more business opportunities in China's video surveillance market driven by the mega-trend of expedited domestic IT technology and equipment adoption initiated by the government. As the only proven provider of SVAC- compliant video surveillance technology and solutions in China, Vimicro will further expand its foothold in China's video surveillance market, leveraging on its proprietary chip technology and total video surveillance solutions, to create long-term value for our shareholders."
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