The swoon in shares of KIT Digital (KITD) accelerates, now -20.3% premarket, after the company...

|About: KIT digital, Inc. (KITD)|By:, SA News Editor

The swoon in shares of KIT Digital (KITD) accelerates, now -20.3% premarket, after the company issues downside Q1 guidance, citing longer than anticipated sales cycles for some larger opportunities, increased personnel costs associated with deployments in future quarters, and payments of assumed liabilities arising from its Sezmi acquisition. (earlier)