Chinese mobile phone manufacturer Zoom Technologies (ZOOM) plunges after cutting FY11 sales...

|About: Zoom Technologies, Inc. (ZOOM)|By:, SA News Editor

Chinese mobile phone manufacturer Zoom Technologies (ZOOM) plunges after cutting FY11 sales guidance to $250-$255M against expectations of $331M. The company sees FY12 sales of $360-$380M vs. $404M consensus. Shares -23% AH. (PR)