chinese runner for wed.

[breatiodiunc]

RCH had a great day now they need to come thru tomorrow morning with a good earnings report. Should be interesting in pre market. XING not a bad day either and they also report 1st half in the morning. CNTF a great day too

[CecileNorEssessy]

CNTF came thru with a nice report and look at those sales up 123% and they turned a profit TechFaith Reports Third Quarter 2007 Results.

BEIJING, CHINA--(MARKET WIRE)--Nov 13, 2007 -- China TechFaith Wireless Communication Technology Limited (NasdaqGM:CNTF - News), an ODM focused on research and development of cell phone solutions, today announced its unaudited financial results for the third quarter ended September 30, 2007.

[carteyroydw]

Net revenues for the third quarter of 2007 were US$38.4 million, a 122.8% increase compared to US$17.3 million for the same period in 2006. Net income for the third quarter of 2007 was US$1.6 million or US$0.04 per weighted average outstanding ADS (basic and diluted) compared to a net loss of US$6.5 million or US$0.15 per weighted average outstanding ADS (basic and diluted) for the same period in 2006. TechFaith ended the third quarter of 2007 with a balance of US$84.9 million in cash and cash equivalents and US$5.2 million in restricted cash.

Defu Dong, TechFaith's Chairman and CEO, said, "We are excited and encouraged by our third quarter results. We achieved 20.0% sequential growth in revenues, and returned to profitability ahead of plan. We continue to make significant progress and have quickly become one of the most successful new ODMs in China with 82.5% of our total revenue coming from ODM business. We announced several major new contracts, strategic partnerships and products in the quarter. Of note, we were recently granted a new license agreement from Qualcomm. TechFaith, as a handset ODM, is now able to develop, manufacture and sell products covering the 3G spectrum, including CDMA2000, WCDMA/UMTS and TD-SCDMA. We are also excited about our successful launch of the world's first WCDMA/GSM dual mode dual standby phone known as 'Twins,' and our launch of the world's first Windows-based GSM/CDMA dual mode dual standby pocket PC phone known as 'Gallic.' In addition, we announced our first contract from a customer that is not in the traditional telecommunications sector. We expect to benefit from strong demand in the broader, non-telecommunications market going forward, as our custom developed phones are adopted to meet needs ranging from security and surveillance, to data management, GPS/location based tracking and other data and communications needs."

[CathleenKl]

Bob Huo, TechFaith's Deputy CEO, added, "Based on our results and customer demand, we are confident we have the right business model in place. TechFaith is now providing dual mode, dual SIM and dual standby handsets with technology combinations including GSM/GSM, GSM/CDMA1X, WCDMA/GSM. We expect to develop additional handset models that combine different technologies in the future. For medium- and high-end markets, TechFaith now offers feature phones and smart phones based on 3G and 3.5G technologies, including WCDMA, EVDO, TD-SCDMA and HSDPA. We have diversified our customer base by successfully penetrating the China market, as well as other markets worldwide. We expect TechFaith will benefit from continued strong global ODM demand over the coming quarters, and at the same time, maintaining strict operating cost controls. We are confident our current headcount level can support a much higher revenue level, and have no plans to increase our hiring. Our goal is to further strengthen our supply chain management as we optimize our cost structure. Overall, we expect revenue in the fourth quarter to increase by 10%-14% over the third quarter."

TechFaith's ADSs, each of which represents 15 ordinary shares of TechFaith, are currently trading on the Nasdaq Global Market under the symbol ''CNTF.''

[Carloseguan]

I have traded CHL and ACH several times and today im trading RCH XING CPSL. Look at the MT report should be good for steel stocks imo.
LONDON (MarketWatch) -- ArcelorMittal, the world's No. 1 steelmaker, on Wednesday reported a 36% increase in third-quarter profit due to lower costs and higher steel prices, and proposed to raise its quarterly dividend by 15%.
Net income at the Luxembourg-based company improved to $3 billion, or $2.10 a share, from a pro-forma $2.2 billion, or $1.57, a year earlier. Sales rose 16% to $25.52 billion. The results topped the average forecast of six analysts polled by Dow Jones Newswires for net profit of $2.45 billion and sales of $25.77 billion.
Year-ago figures were calculated as if the company already existed at the time.
Earnings were also helped by the tax rate falling to 17% from 25% on the impact of a change in German rules as well as the recognition of certain tax assets.
"We are on track to deliver a record year," said Chief Executive Lakshmi Mittal. He added that the company is making good progress with its strategy and has recently made acquisitions in Argentina, China and Turkey, among other countries, to further bolster its position.
ArcelorMittal (MT:arcelormittal sa luxembourg ny registry sh
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