Comtech Group, Inc. (COGO) Message Board

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Technology Stocks : Comtech Group, Inc. (COGO)

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From: JakeStraw	3/12/2010 10:13:55 AM
	of 55

Cogo Reports Highest Ever Annual Revenue for 2009 finance.yahoo.com Jeffrey Kang, CEO and Chairman of Cogo, remarked, "Management is encouraged by Cogo's results in the fourth quarter of 2009, and we are very optimistic about 2010. We are seeing promising new lines of business in the automotive, HDTV, smart meters and 3G handset areas. We are using our balance sheet to help drive growth and buyback stock, and we see tremendous new opportunities in the industrial applications end-markets and expect a growing Small and Medium Enterprise customer base. The 3G handset situation is improving with increased demand and increase in dollar content per device. We believe that the opportunities for growth within our telecom business are stronger than popular opinion would suggest. The new, five million share stock repurchase program firmly supports our belief in the Company's long-term growth potential. I would like to reiterate our view that the worst of China's economic situation is behind us, and we are ready to move forward into a high-growth and margin expansion mode for 2010."

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