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Yucheng Technologies Earnings: Must See for China Investors

Source: Original Signal - Transmitting Finance

January 31st, 2010 | No Comments | Posted in Finance

Jason Shade submits: Yucheng Technologies Inc. (YTEC) (3.55), saw its stock price cut in half following its dismal earnings report Friday. The provider of IT services and software solutions to the Chinese banking sector missed on both revenues and earnings per share.The report obviously came as a shock to YTEC investors. However, I found a greater surprise in the comments made by Weidong Hong, Chairman and CEO of YTEC.Complete Story »   Read More

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