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

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)
Comments (3)
  • phoneranger
    , contributor
    Comments (350) | Send Message
     
    yup.....Shenzen has to reinvent itself. At least that's what I told my Chinese supplier today. As we are busy reinventing ourselves too.
    15 Nov 2011, 04:44 PM Reply Like
  • djhmk2
    , contributor
    Comments (12) | Send Message
     
    Zoom has a P/E of 2.2. Still a great bargain. They consistently make money every quarter & will start distribution of their phones in the USA at end of Q1 2012
    16 Nov 2011, 09:18 AM Reply Like
  • djhmk2
    , contributor
    Comments (12) | Send Message
     
    Zoom has a P/E of about 2 & makes money every quarter.They are expandind sales to the USA in Q1 2012. I guess that is not good enough for the current market.
    16 Nov 2011, 09:21 AM Reply Like
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