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ZTE expects Q1 profit, warns for 2012 net loss
2013-01-21 02:05:00| Telecompaper Headlines
(Telecompaper) Chinese equipment maker ZTE expects to report a profit in Q1 and attributes this to its operational review and strategic realignment efforts. The strategic review began last year and sharpened focus on key products and markets and strengthened cash flow management. ZTE is generating net cash inflows from operations as the company recorded higher sales collection, achieved increased profitability on new contracts, applied stringent cost controls, and recognised investment gains. However, ZTE warned that it may post a full-year 2012 net loss of between CNY 2.5 and 2.9 billion, due to delays in the progress of some domestic and international network projects, the recognition of earlier lower-margin contracts, and a drop in revenue for terminal products.
ZTE warns of full-year net loss of up to $460m
2013-01-21 01:00:00| Total Telecom industry news
Chinese vendor insists turnaround efforts will bear fruit in Q1 2013, bringing a return to profit.
ZTE Avid 4G (MetroPCS)
2013-01-18 21:36:56| PC Magazine: New Product Reviews
The ZTE Avid 4G brings you a high-res screen and fast processor for a low price, but its quality isn't great.
ZTE readies itself for U.S. expansion in 2013
2013-01-12 09:19:41| CNET News.com
Lixin Cheng, the department head of ZTE's U.S. division, sits down with CNET during CES 2013 to detail the company's future goals. [Read more]
ZTE gets more love from the carriers
2013-01-10 22:42:03| CNET News.com
The Chinese phone maker confirms that its Grand S will come to the U.S., but will consumers know or care about the company? [Read more]
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