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correction: the joint venture was established in Nov 2003. sorry for the mistake. CNTF got a complaint from Wuhan NEC on certain quality issues related to a model designed in Dec 2003 and had agreed to pay $1.5m to Wuhan NEC for the damages. But, the issue was resolved amically in late 2004 after Mr. Lu took office.
Nov 17 11:28 am
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All Comments by timezero »China Techfaith Wireless Beats By $0.04; Guides Above Consensus; Stock Up 12% in After-Hours Trading (CNTF 3Q05 Earnings) [View article]