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Technology Stocks : Comtech Group, Inc. (COGO)

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From: JakeStraw	4/8/2008 11:48:40 AM
	of 55

Comtech Wins US$10 Million Agreement With ZTE to Supply Telecom Solution biz.yahoo.com Tuesday April 8, 9:00 am ET Agreement enhances sustainable telecom revenue growth in 2008 Management sees better-than-expected end market demand and growth outlook across the year SHENZHEN, China, April 8, 2008 /PRNewswire-FirstCall/ -- Comtech Group, Inc. (Nasdaq: COGO), a leading provider of customized design solutions for the technology manufacturing sector in China, today announced it signed a US$10 million deal to supply telecommunications module solutions to ZTE, one of the world's top providers of telecommunications and network solutions. With this agreement, Comtech will begin supplying ZTE with telecom solutions starting this quarter and expects to complete the order at the end of 2008. Today's deal further solidifies Comtech's long standing partnership with ZTE and increases the company's growth perspective from telecom revenue in 2008. The agreement comprises just part of Comtech's business with ZTE and mainly covers the datacom and broadband business sectors. In recent years, the companies have also worked together across many other areas including wireless infrastructure and mobile handset. .

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